Liquid Metal Battery Secures $15,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=faa2f99a-78e6-4fd7-b5f6-78b1f2cd07c1&Preview=1
Date
5/24/2012
Company Name
Liquid Metal Battery
Mailing Address
237 Putnam Avenue Cambridge, MA 02139
Company Description
Liquid Metal Battery Corporation (LMBC) 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.lmbcorporation.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series B
Proceeds Purposes
The bulk of the development work left to do at Liquid Metal Battery will be focused on getting the cost of the battery down and figuring out the optimal size and shape.
M&A Terms
Venture Investor
Khosla Ventures
Venture Investor
Undisclosed