31 May '18, 10am

Battery Intelligence Firm Voltaiq Raises $6.6 Million

Battery Intelligence Firm Voltaiq Raises $6.6 Million

The certification body Underwriters Laboratories is among a group of investors putting $6.6 million into a little-known battery performance testing startup called Voltaiq. In a press release, Voltaiq said UL would be making the investment through its UL Ventures arm. Others in the oversubscribed Series A funding round, which was led by tech investment house Anzu Partners, included Durham, North Carolina-based SJF Ventures and Bee Partners of San Francisco. Bee Partners was a return investor, having pumped $1.6 million into a $2 million seed funding round in 2016. Previously, the startup, which launched in 2012 as Subway Labs, had secured financing from a number of Small Business Innovation Research (SBIR) program grants. These included a $150,000 Department of Energy Phase I SBIR package in 2013, a further $150,000 from the National Science Foundation in 2014 and another $...

Full article: https://www.greentechmedia.com/articles/read/battery-inte...

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