BioFuelBox, Funding for Distributed Biofuels
Trying to bring the production of biofuels closer to their consumption destination — be it the feedstock or the pumping station — isn’t a new idea. Several of Vinod Khosla’s biofuel investments are focused on cutting down the energy, and thus the cost, expended in transportation. This morning a similarly distributed, mobile biofuel investment bet from Draper Fisher Jurvetson and DFJ Element has come to light, according to a regulatory filing found by PeHub.com.
According to PeHub.com, BioFuelBox has raised $9.46 million in Series A funding. The Hollister, Calif.-based company’s web site says it’s technology is a “bio-refinery in a box” — a modular container that produces biofuel cost-effectively. The next thing to go mobile — biofuels.
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