Enevate Obtains $24,000,000 Series B Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a1d79f80-938a-4b79-861d-8bd45a61f265&Preview=1 -
Date
12/13/2012 -
Company Name
Enevate -
Mailing Address
101 Theory Irvine, CA 92617 -
Company Description
Enevate Corporation is a leading rechargeable energy storage technology company based in Irvine, CA. Enevate has breakthrough industry patents delivering the promise of tomorrow’s battery capacity in today’s standard Li-ion ecosystem. Enevate’s batteries are based on innovative materials and battery structures that deliver higher capacity in smaller sizes while maintaining plug-and-play compatibility with existing Li-ion battery applications. Enevate’s technologies can realize increased capacity greater than traditional incremental increases previously requiring complete redefinition to battery chemistry, cell construction, voltage and battery management ICs. -
Website
http://www.enevate.com -
Transaction Type
Venture Equity -
Transaction Amount
$24,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The funds enable Enevate to accelerate commercialization of its demonstrated HD-Energy Technology and move into production for our customers’ next generation platforms. -
M&A Terms
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Venture Investor
Tsing Capital -
Venture Investor
Presidio Ventures -
Venture Investor
Mission Ventures -
Venture Investor
Draper Fisher Jurvetson -
Venture Investor
CEC Capital
