$20M for Leyden Energy

Fremont, CA-based Leyden Energy, which is developing longer-lasting lithium ion batteries for consumer mobile devices, electric vehicles, and energy storage, said today that it has raised $20 million in Series B financing. New investor New Enterprise Associates led the round, which was joined by existing investors Lightspeed Ventures, Sigma Partners, and Walden International. Leyden says it expects to use the funds to expand its global sales efforts and add manufacturing capacity.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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