Sakti3 Obtains $7,000,000 Series B Round

  • Feed Type
  • Date
    4/1/2010
  • Company Name
    Sakti3
  • Mailing Address
    1000 Victors Way Ann Arbor, MI 48108
  • Company Description
    Sakti3 is a Michigan-based company that is developing an advanced solid-state rechargeable lithium-ion battery technology. We aim to further enable electric drivetrain vehicles that are capable of getting over 100 miles per gallon.
  • Website
    http://www.sakti3.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Sakti3 also plans to patent a new manufacturing process that limits material use and waste.
  • M&A Terms
  • Venture Investor
    Khosla Ventures
  • Venture Investor
    Beringea

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