BrightVolt Inc., a Redmond, WA-based global leader in the design, development and scale manufacturing of ultra-thin film, flexible batteries, raised $5m in Series B funding.
New Science Ventures is leading the round with BrightVolt now evaluating additional funding from other parties interested in investing in this market space.
The company intends to use the funds to prepare for substantial growth in 2017, to continue to build on its patented, core battery technology, Polymer Matrix Electrolyte (PME) and to scale its manufacturing.
Led by Todd Peters, CEO, BrightVolt designs, develops and scales manufacturing of ultra-thin film batteries based on patented Lithium Polymer design. The company has sold over 10 million batteries across the globe.