Graphene Energy Inc., an Austin, Texas-based startup formed in December 2008 to commercialize chemically modified graphene (CMG) ultracapacitors (earlier post) has raised $500,000 in seed money from Quercus Trust and 21Ventures. The company also concluded licensing terms for its technology from the University of Texas at Austin and The College of William and Mary. Graphene Energy says that its technology is the result of the efforts of the Ruoff research group at the University of Texas at Aus