Prieto Battery Receives New Financing

  • Feed Type
  • Date
    11/4/2015
  • Company Name
    Prieto Battery
  • Mailing Address
    4227 Lookout Lane Fort Collins, CO 80526 USA
  • Company Description
    Life and technology move so quickly these days that current battery technology can hardly keep up. While the electronic devices that power our lives get exponentially smarter, the batteries that power them improve only marginally. The world needs a battery as powerful as the human imagination.
  • Website
    http://www.prietobattery.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Specifically, Prieto has agreed to complete a series of milestones designed by Intel and Prieto to demonstrate the company’s battery performance and readiness, with a focus on improving the performance of the battery against size, energy density, and complexity vectors. Intel will be staging their investment to each milestone; and in exchange, Prieto is granting Intel the ability to implement the technology first in computing devices.
  • M&A Terms
  • Venture Investor

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