Infinite Power Solutions Secures $10,000,000 Series D Financing Round

  • Feed Type
  • Date
    5/2/2012
  • Company Name
    Infinite Power Solutions
  • Mailing Address
    11149 Bradford Road Littleton, CO 80127
  • Company Description
    Infinite Power Solutions, Inc. (IPS), a privately-held venture backed technology company headquartered near the foothills of the Rocky Mountains in Golden, Colorado, is the global leader in designing, manufacturing, and marketing thin film batteries (TFB) for micro-electronic applications. These flexible, rechargeable, solid-state lithium batteries, offered under the LiTESTAR brand, are unrivaled in thinness, re-chargeability, and power performance, and operate over extreme temperature conditions.
  • Website
    http://www.infinitepowersolutions.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    The funds will be used to expand IPS’ manufacturing capacity in response to growing customer demand, to complete the build out of its global sales channels and to further support advanced research and development of its eco-friendly THINERGY solid-state rechargeable Micro-Energy Cell (MEC) products.
  • M&A Terms
  • Venture Investor
    Generation Investment Management
  • Venture Investor
    D. E. Shaw Group
  • Venture Investor
    Polaris Partners
  • Venture Investor
    Core Capital Partners
  • Venture Investor
    Applied Ventures
  • Venture Investor
    In-Q-Tel (IQT)
  • Venture Investor
    Undisclosed