Quantum Technologies Raises $10.9M In PIPE

Irvine-based Quantum Fuel Systems Technologies Worldwide, which develops hybrid propulsion systems and renewable energy projects, which is publicly held, said Monday that it has raised $10.9M in a private placement. The firm said the funding came from un-named, accredited investors. The private placement was run by JP Turner & Company, LLC. Quantum Fuel Systems is a provider of hybrid electric drive systems and related products for the electric car market, along with a variety of other energy-related products. The firm is a supplier of components to Fisker Automotive. More information »