Sapphire Energy Overview
Sapphire Energy was founded to address the overwhelming inadequacies of current biofuel approaches and the profound costs of American dependence on foreign oil. The company has built a revolutionary platform using sunlight, CO2 and microorganisms such as algae to produce renewable, 91 octane gasoline that meets ASTM standards; it is not ethanol and not biodiesel. Sapphire is led by an...More»
Sapphire Energy was founded to address the overwhelming inadequacies of current biofuel approaches and the profound costs of American dependence on foreign oil. The company has built a revolutionary platform using sunlight, CO2 and microorganisms such as algae to produce renewable, 91 octane gasoline that meets ASTM standards; it is not ethanol and not biodiesel. Sapphire is led by an interdisciplinary team of entrepreneurs and experts in cell biology, plant genomics and algal production, as well as investors with long histories of taking innovative technology to market, including co-founder ARCH Venture Partners, along with the Wellcome Trust and Venrock. Sapphire’s scientific supporters include Scripps Research Institute; University of California, San Diego; the University of Tulsa, and the Department of Energy’s Joint Genome Project. The company is located in San Diego. For more information, visit www.sapphireenergy.com and www.greencrudeproduction.com.«Less
Key People
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 05/29/2008 | Series A | 50M | Unknown | |
| 09/2008 | Series B | 50M | Unknown |
Products
| Name: | The Algaeus |
| Product URL: | http://www.sapphireenergy.com/algaeus |
| Date Launched: | 09/2009 |
| Description: | Green Fuel is real fuel as the Algaeus, the world's first plug-in hybrid vehicle to cross the country on fuel containing a blend of algae-based renewable gasoline, hits the road to celebrate the launch of the award-winning film FUEL. Sponsored by the Veggie Van Organization, the eco-aggressive, 10-day cross country tour features a caravan of high technology 'green' vehicles, led by the groundbreaking Algaeus, which is fueled by Sapphire Energy. |
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10/12/2009 03:33AM by limguine
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