Phystech Ventures and North Energy Ventures invest in the Russian company.

AT Energy, a spin-out of Moscow Institute of Physics and Technology and Moscow Power Engineering Institute, has raised $1.9m in funding from Phystech Ventures and North Energy Ventures.

AT Energy, based on research by Yuri Dobrovolsky from the Moscow Institute of Physics and Technology and Sergey Nefedkin from the Moscow Power Engineering Insitute, is working on fuel cell technology. In September 2014, it demonstrated a drone powered by AT’s fuel cells which allowed the drone to fly for 11 hours…