Lilliputian Systems Receives $40,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bb9c5ed4-69db-4283-bd24-45ad74a00324&Preview=1 -
Date
9/14/2012 -
Company Name
Lilliputian Systems -
Mailing Address
36 Jonspin Road Wilmington, MA 01887 -
Company Description
Lilliputian has been rumored since 2001 to be developing a new kind of battery for electronic handheld devices and other applications. According to published reports, the company’s product is a combination of fuel cell and micro-electromechanical (MEMS) technologies that create a fuel cell chip that runs on small amounts of butane. -
Website
http://www.lilliputiansystemsinc.com -
Transaction Type
Venture Equity -
Transaction Amount
$40,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The capital will enable Lilliputian to scale manufacturing operations and launch its initial product, the USB Mobile Power System (MPS), a revolutionary portable system for powering and charging virtually all mobile phones and countless other consumer electronic devices. -
M&A Terms
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Venture Investor
Rusnano Capital
