Solazyme Top Investor Backs Battery Maker Gridtential

Roda Group, the venture capital investor that’s the largest shareholder in the biofuel company Solazyme Inc. (SZYM), is backing a startup using advanced production techniques to improve storage performance of standard lead-acid batteries.

Gridtential Energy Inc. received a $1 million seed investment from Roda, the San Jose, California-based battery company said today in an e-mailed statement. It will use the money to…

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Bloomberg:
Solazyme Top Investor Backs Battery Maker Gridtential