Thursday, March 3, 2011

Amprius Charges Up With $25M

Menlo Park-based Amprius, a developer of lithium ion battery technology, said today that it has raised $25M in new funding. The funding came from IPV Capital , Kleiner Perkins Caufield & Byers, and Qian Neng Fund, as well as prior investors Trident Capital, VantagePoint Venture Partners, Dr. Eric Schmidt, and Stanford University. Amprius is developing silicon-based electrode technology and materials which its says offers a dramatic increase in energy, range, and runtime. The firm is headed by Dr. Kang Sun, and founded by Professor Yi Cui from Stanford. More information »