Enevate Obtains $24,000,000 Series B Financing
- Feed Type
- 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
- Venture Investor
Tsing Capital - Venture Investor
Presidio Ventures - Venture Investor
Mission Ventures - Venture Investor
Draper Fisher Jurvetson - Venture Investor
CEC Capital
