Amprius, a Menlo Park, California-based provider of high energy, silicon-based materials to enable next generation lithium-ion batteries, has raised $25m in funding.
Investors include new backers IPV Capital, Kleiner Perkins Caufield & Byers, and Qian Neng Fund, and previous shareholders Trident Capital, VantagePoint Venture Partners, Dr. Eric Schmidt, and Stanford University.
The company intends to use the funds to commercialize lithium ion batteries, which leverage its proprietary silicon-based electrode technology. Amprius-enabled cells are designed to offer an increase in energy, increasing range and runtime for applications including consumer electronics and electric vehicles.
Founded by Professor Yi Cui from Stanford University in May 2008 with the mission to develop and commercialize advanced materials and nanotechnology for improved energy storage, Amprius is currently led by CEO Dr. Kang Sun.