Enevate Obtains $24,000,000 Series B Financing

  • Feed Type
  • 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
  • Venture Investor
    Tsing Capital
  • Venture Investor
    Presidio Ventures
  • Venture Investor
    Mission Ventures
  • Venture Investor
    Draper Fisher Jurvetson
  • Venture Investor
    CEC Capital

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