Qteros, which has a method for creating ethanol from naturally occurring microbes, has signed a partnership to bring its technology to market in India.
The Marlborough, Mass.-based company is expected to announce on Wednesday a joint product development deal with Pune, India-based Praj Industries.
In two years, Praj and Qteros aim to develop a system using Qteros technology which can be licensed to companies that build cellulosic ethanol plants.
In addition, Qteros said it has raised $22 million, which is the first tranche of a series C round of funding.
Qteros was started as a University of Massachusetts spinoff … Read more