Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a1d79f80-938a-4b79-861d-8bd45a61f265&Preview=1
Date 12/13/2012
Company Name Enevate
Mailing Address 101 Theory Irvine, CA 92617
Company Description Enevate Corporation is a leading rechargeable energy storage technology company based in Irvine, CA. Enevate has breakthrough industry patents delivering the promise of tomorrow’s battery capacity in today’s standard Li-ion ecosystem. Enevate’s batteries are based on innovative materials and battery structures that deliver higher capacity in smaller sizes while maintaining plug-and-play compatibility with existing Li-ion battery applications. Enevate’s technologies can realize increased capacity greater than traditional incremental increases previously requiring complete redefinition to battery chemistry, cell construction, voltage and battery management ICs.
Proceeds Purposes The funds enable Enevate to accelerate commercialization of its demonstrated HD-Energy Technology and move into production for our customers’ next generation platforms.