CFX Battery stores away $11M for rechargeable tech

CFX Battery, a company that uses nanotechnology to develop primary and rechargeable battery technology, just took an $11 million tranche of an anticipated $15.18 million round of funding. Contributors included CMEA Ventures, Harris & Harris Group and US Venture Partners.

Based in Pasadena, Calif., CFX spun out from research at the California Institute of Technology. The batteries it produces are tailored for use in cars, medical devices and consumer goods (like computers), as well as in military applications. This versatility is made possible by the diversity of its products, which range from coin-like to thin film cells, according to its web site.

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