Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Scientists reveal breakthrough in optical fiber communications December 21st, 2014

Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

Openings/New facilities/Groundbreaking/Expansion

HP Supercomputer at NREL Garners Top Honor October 19th, 2014

Graphenea opens US branch October 16th, 2014

Raytheon, UMass Lowell open on-campus research institute: Industry leader’s researchers to collaborate with faculty, students to move key technologies forward through first-of-its-kind partnership October 11th, 2014

Yale University and Leica Microsystems Partner to Establish Microscopy Center of Excellence: Yale Welcomes Scientists to Participate in Core Facility Opening and Super- Resolution Workshops October 20 Through 31, 2014 September 30th, 2014

Investments/IPO's/Splits

Pixelligent Closes $5.5 Million in Funding: Capital Will Be Used to Support Global Customer Growth December 12th, 2014

Nanometrics Announces Upcoming Investor Events November 19th, 2014

Eight19 secures £1m funding: Investment to develop production technology, and expand commercial activities for organic photovoltaics November 19th, 2014

Arrowhead to Present at Upcoming Conferences November 15th, 2014

Nanomedicine

Creation of 'Rocker' protein opens way for new smart molecules in medicine, other fields December 18th, 2014

Iranian Researchers Produce Electrical Pieces Usable in Human Body December 18th, 2014

Unraveling the light of fireflies December 17th, 2014

First Home-Made Edible Herbal Nanodrug Presented to Pharmacies across Iran December 17th, 2014

Announcements

Scientists reveal breakthrough in optical fiber communications December 21st, 2014

Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

Patents/IP/Tech Transfer/Licensing

Silicon Valley-Based Foresight Valuation Launches STR-IP™, a New Initiative for Startups to Discover the Value of Their Intellectual Property December 18th, 2014

Chemists Fabricate Novel Rewritable Paper: An attractive alternate to regular paper, UC Riverside-developed technology helps address increasing problems in environment and resource sustainability December 2nd, 2014

Dicerna Announces License Agreement with Tekmira to Advance Dicerna’s PH1 Development Program November 17th, 2014

First genetic-based tool to detect circulating cancer cells in blood: NanoFlares light up individual cells if breast cancer biomarker is present November 17th, 2014

Military

Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014

UCLA engineers first to detect and measure individual DNA molecules using smartphone microscope December 15th, 2014

Nanoshaping method points to future manufacturing technology December 11th, 2014

Stacking two-dimensional materials may lower cost of semiconductor devices December 11th, 2014

Energy

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

How does enzymatic pretreatment affect the nanostructure and reaction space of lignocellulosic biomass? December 18th, 2014

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

Lifeboat Foundation gives 2014 Guardian Award to Elon Musk December 16th, 2014

Automotive/Transportation

Lifeboat Foundation gives 2014 Guardian Award to Elon Musk December 16th, 2014

The gold standard December 9th, 2014

Nanocatalysts Can Reduce Pollution Caused by Diesel Engines December 4th, 2014

NEI introduces NANOMYTE® SuperAi, a Durable Anti-ice Coating December 4th, 2014

Industrial

Scientists reveal breakthrough in optical fiber communications December 21st, 2014

Dartmouth researchers create 'green' process to reduce molecular switching waste December 15th, 2014

Industrial Nanotech, Inc. Expands Government and Defense Projects December 10th, 2014

Simple, Biocompatible Method Developed for Production of Cerium Oxide Nanoparticles December 9th, 2014

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

Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014

Nexeon Attracts ex-Nokia Product Executive to its Board of Directors December 15th, 2014

Defects are perfect in laser-induced graphene: Rice University lab discovers simple way to make material for energy storage, electronics December 10th, 2014

Lengthening the life of high capacity silicon electrodes in rechargeable lithium batteries: Novel rubber-like coating could lead to longer lasting batteries December 2nd, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE