CFX Battery raising $26M in new funding
CFX Battery, the maker of which makes primary and rechargeable batteries, has raised $5 million of a planned $26 million round of new funding, according to a regulatory filing. This is the Pasadena, Calif. company’s second round — it previously raised $15.18 million from CMEA Ventures, Harris & Harris Group and U.S. Venture Partners, peHUB says.
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… Continue Reading