Lithium-ion battery maker Imara Corporation emerged from stealth operations this week officially announcing plans to begin shipping products in 4Q09.
Formerly known as Lion Cells, Imara says it's focused on making batteries for power tools, outdoor power equipment, specialty applications, hybrid vehicles and grid storage.
The company's technology was developed at the Stanford Research Institute (SRI), funded in conjunction with the U.S. Department of Energy as part of the Partnership for the Next Generation Vehicle (PNGV) initiative. Imara's technology has been demonstrated across multiple lithium-ion chemistries and is being scaled to high-volume production.
"Imara's advanced lithium-ion batteries will meet the future demands of hybrid electric vehicles for exceptional cycle-life, higher charge and discharge rates and higher energy density," said Imara Corp. CEO Jeff Depew.
Based in Menlo Park, California, Imara Corporation's mission is to provide superior energy storage solutions and accelerate the adoption of alternative U.S.-based green energy sources. Imara is funded by venture firms Battery Ventures and Nth Power.
