Contour Energy Systems, an Azusa, CA-based portable power company commercializing innovative battery systems, has raised an undisclosed amount in Series C financing round.
Investors include Singapore-based EDB Investments Pte Ltd. and existing backers CMEA Capital, Harris & Harris, Schlumberger and U.S. Venture Partners.
The company intends to use the funds to expand its R&D and production capacity efforts in order to commercialize its portfolio of primary and rechargeable batteries designed to deliver improvements in energy and power density.
Contour’s batteries targets applications in automotive, consumer, industrial, medical and military markets worldwide.
Led by CEO Joe Fisher, the company has located its Asian headquarters and R&D center in Singapore.
FinSMEs
21/06/2011