VC, deals, energy

Polaris Co-Leads Infinite Power Solutions Series B Round

Wade Roush 12/3/08

Waltham, MA-based Polaris Venture Partners and D.E. Shaw Ventures of New York are the lead investors in a $13 million Series B investment round for Infinite Power Solutions of Littleton, CO, the startup announced today. Existing investors Core Capital Partners, Applied Ventures, and In-Q-Tel also joined the round, which brings the company’s total venture pot to some $49 million, and will help it commercialize its technology for rechargeable thin-film batteries.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.