Ambri Obtains $35,000,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d027815-0b52-4fa5-a559-9bc2602ea121
Date
4/30/2014
Company Name
Ambri
Mailing Address
19 Blackstone Street Cambridge, MA 02139 USA
Company Description
Ambri is an early-stage company working to develop and commercialize a new battery technology that will revolutionize grid-scale power storage. Our battery has the potential to cost significantly less than existing batteries.
Website
http://www.ambri.com
Transaction Type
Venture Equity
Transaction Amount
$35,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company expects to pick the site of its first commercial manufacturing facility within the next 18 months.
M&A Terms
Venture Investor
Venture Investor
Venture Investor
Venture Investor