Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > CFX Battery Raises $14.2 Million

Abstract:
CFX Battery Inc., a Pasadena, Calif.-based developer of primary and rechargeable batteries enabled by nanotechnology, has raised $14.2 million in Series B funding. A regulatory filing from last year suggested that CFX was seeking upwards of $27 million for the round. Return backers include CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners. The company has now raised $29.4 million in total VC funding.

CFX Battery Raises $14.2 Million

Pasadena, CA | Posted on February 24th, 2010

CFX Battery, an innovative portable power company commercializing next-generation battery systems, today announced it has raised an additional $14.2 million in a Series B funding round. This second round of financing includes investors CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners bringing CFX Battery's total funding to $29.4 million.

With this latest round of funding, CFX Battery is doubling manufacturing capacity at its headquarters in Azusa, Calif. The company's expansion plans will also support additional research and development resources to accelerate the commercialization of a wide range of battery system form factors for military, industrial, medical, automotive and consumer applications.

"Given today's highly mobile, global society, the demand for ever-increasing improvements in portable power solutions continues to grow across a wide range of vertical markets," said Joe Fisher, CEO of CFX Battery. "Receiving Series B funding in this extremely tough economic climate validates the strategic advancements we're making in battery chemistries, nano-materials science and manufacturing processes. We are fortunate to have the collective brain trust of this distinguished group of investors that recognize the breakthroughs of our portfolio of primary and secondary battery technologies."

CFX Battery Highlights

• Co-founded by Dr. Robert Grubbs, 2005 Nobel Laureate, Professor of Chemistry at CalTech

• Over 60 patents and patents pending covering primary/rechargeable batteries, materials and related processes

• Series A funding for $15.2 million, June 2007

• Named Emerging Battery Company of the Year 2008 by Frost & Sullivan

• Named "Hottest New Company" by Los Angeles Venture Association in January 2009

• Established world class laboratories and prototype manufacturing facility in Azusa, CA, December, 2008

• Nominated for "Best Clean Tech Fund Raising" award by Los Angeles Venture Association, January 2010

####

About CFX Battery
CFX Battery (www.cfxbattery.com) is an innovative portable power company commercializing customizable battery technologies for a wide range of cross-industry applications. CFX’s next-generation battery systems are designed to deliver unprecedented improvements in energy and power density, and are capable of performing in extreme operating conditions at significantly improved costs. Founded through the collaboration of CalTech and CNRS, the French National Center of Scientific Research, the company combines expertise in nano-materials science, patented Fluorine-based battery chemistries and manufacturing processes to significantly advance the state of portable power. Headquartered in Azusa, California, CFX Battery is managed by a world-class team of battery industry leaders from CalTech, Energizer, Duracell, ConocoPhillips, Hewlett-Packard and Ultralife. The company is privately held with funding from CMEA Capital, Harris and Harris, Schlumberger and US Venture Partners.

For more information, please click here

Contacts:
Headquarters
1300 W. Optical Drive, Suite 300
AZUSA CA 91702
(P) 626. 610. 0660
(F) 626. 389. 5086

Copyright © pehub.com

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

New tool allows scientists to visualize 'nanoscale' processes May 4th, 2016

FEI Launches Apreo – Industry-Leading Versatile, High-Performance SEM: The Apreo SEM provides high-resolution surface information with excellent contrast, and the flexibility to accommodate a large range of samples, applications and conditions May 4th, 2016

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

An Experiment Seeks to Make Quantum Physics Visible to the Naked Eye May 3rd, 2016

Openings/New facilities/Groundbreaking/Expansion

SUNY Poly Partnership with Japan's New Energy and Industrial Development Organization Drives Investment in and Installation of Emerging ‘Green’ Technologies at World-Class 'Zero Energy Nano' Building March 22nd, 2016

Composite Pipe Long Term Testing Facility February 10th, 2016

SUNY Poly and GLOBALFOUNDRIES Announce New $500M R&D Program in Albany To Accelerate Next Generation Chip Technology: Arrival of Second Cutting Edge EUV Lithography Tool Launches New Patterning Center That Will Generate Over 100 New High Tech Jobs at SUNY Poly February 9th, 2016

SUNY Poly Welcomes DPS as the Global Engineering Firm Opens Its U.S. Advanced Technology Group Headquarters at Cutting-Edge ZEN Building November 20th, 2015

Investments/IPO's/Splits

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Aspen Aerogels to Present at the 28th Annual ROTH Conference March 14th, 2016

Harris & Harris Group Announces Formation of Co-Investment Fund for Accredited Investors March 9th, 2016

Arrowhead to Present at Upcoming March Conferences March 1st, 2016

Nanomedicine

Nuclear pores captured on film: Using an ultra fast-scanning atomic force microscope, researchers from the University of Basel have filmed 'living' nuclear pore complexes at work for the first time May 3rd, 2016

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

Non-animal approach to predict impact of nanomaterials on human lung published Archives of Toxicology publishes workshop recommendations May 2nd, 2016

New drug-delivery approach holds potential for treating obesity May 2nd, 2016

Announcements

New tool allows scientists to visualize 'nanoscale' processes May 4th, 2016

FEI Launches Apreo – Industry-Leading Versatile, High-Performance SEM: The Apreo SEM provides high-resolution surface information with excellent contrast, and the flexibility to accommodate a large range of samples, applications and conditions May 4th, 2016

Nuclear pores captured on film: Using an ultra fast-scanning atomic force microscope, researchers from the University of Basel have filmed 'living' nuclear pore complexes at work for the first time May 3rd, 2016

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

Patents/IP/Tech Transfer/Licensing

New tool allows scientists to visualize 'nanoscale' processes May 4th, 2016

System creates on-demand 'nanotube forests,' has potential industry applications April 20th, 2016

Smaller. Cheaper. Better. Iron nitride transformers developed at Sandia could boost energy storage options March 28th, 2016

Correction: Solar fuels: Protective layer for the 'artificial leaf' March 22nd, 2016

Military

New tool allows scientists to visualize 'nanoscale' processes May 4th, 2016

Making invisible physics visible: The Jayich Lab has created a new sensor technology that captures nanoscale images with high spatial resolution and sensitivity May 2nd, 2016

Nanograft seeded with 3 cell types promotes blood vessel formation to speed wound healing April 27th, 2016

The light stuff: A brand-new way to produce electron spin currents - Colorado State University physicists are the first to demonstrate using non-polarized light to produce a spin voltage in a metal April 26th, 2016

Energy

Nanoparticles present sustainable way to grow food crops May 1st, 2016

NREL finds nanotube semiconductors well-suited for PV systems April 27th, 2016

Researchers create artificial protein to control assembly of buckyballs April 27th, 2016

Flipping a chemical switch helps perovskite solar cells beat the heat April 26th, 2016

Automotive/Transportation

New spin Seebeck thermoelectric device with higher conversion efficiency created April 26th, 2016

All powered up: UCI chemists create battery technology with off-the-charts charging capacity April 21st, 2016

Ruthenium nanoframes open the doors to better catalysts April 4th, 2016

Heat and light get larger at the nanoscale: Columbia-led research team first to demonstrate a strong, non-contact heat transfer channel using light with performances that could lead to high efficiency electricity generation April 2nd, 2016

Industrial

Novel anti-biofilm nano coating developed at Ben-Gurion U.: Offers significant anti-adhesive potential for a variety of medical and industrial applications April 25th, 2016

Model aids efforts to reduce cost of carbon nanostructures for industry, research April 5th, 2016

Molecular-scale ALD discovery could have industrial-sized impact: New atomic layer deposition technique reduces waste March 31st, 2016

Transparent wood could one day help brighten homes and buildings March 31st, 2016

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

New spin Seebeck thermoelectric device with higher conversion efficiency created April 26th, 2016

Highlights from the Graphene Flagship April 22nd, 2016

Adding some salt to the recipe for energy storage materials: Researchers use common table salt as growth template April 22nd, 2016

Cleaning up hybrid battery electrodes improves capacity and lifespan: New way of building supercapacitor-battery electrodes eliminates interference from inactive components April 22nd, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic