Monday, August 3, 2009

CFX Battery Ups Funding To Nearly $15.2M

Azusa-based CFX Battery, a Caltech spinout developing advanced battery technology, has upped its funding to nearly $15.2M, according to a regulatory filing by the firm today. CFX Battery has previously raised funding from CMEA Ventures, Harris and Harris, and US Venture Partners. CFX is developing both primary and rechargeable battery technology, which is says provides high performance, is environmentally friends, and cost effective. The filing indicates the additional capital is an expansion of the firm's earlier, Series A funding.

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