Envia nabs $7.1M for automotive lithium-ion batteries
EnVia Systems, a supplier of lithium-ion batteries for hybrid and fully electric cars has brought in $7.1 million of a targeted $7.7 million round of equity and securities, according to a filing with the SEC. Based in Hayward, Calif., the company did not list its most recent investors — though it has named Bay Partners and Redpoint Ventures in the past.
The company’s stated goal is to produce lighter and more affordable battery packs to green… Continue Reading
Envia raises $3.2M for lithium ion batteries
Envia Systems, a company that provides energy storage services via lithium ion batteries, took $3.2 million in first-round funding from Bay Partners and Redpoint Ventures. The Hayward, Calif.-based firm hopes to integrated its technology into cleantech applications, particularly electric vehicles, hybrid electric vehicles and plug-in hybrids.
The adoption of lithium-ion batteries over heavier nickel-cadmium batteries has pushed electric car development forward, but they are still said to still be prohibitively expensive for regular use. Envia also… Continue Reading