Amprius, a company developing silicon-based electrode technology for lithium ion batteries, has raised $25 million from Kleiner Perkins Caufield & Byers and Google CEO Eric Schmidt, among others.
Amprius aims to commercialize silicon-based materials to
enable next generation lithium-ion batteries. The company says its technology can increase the range and runtime for applications including consumer
electronics and electric vehicles.
The company is headquartered in Menlo Park, California. It was founded by Professor Yi Cui from Stanford University in May 2008.
Amprius said the technology has recently
achieved key validation milestones for consumer electronics applications
such as smartphones and continues to advance toward requirements
necessary for electric drive vehicle applications.
Major new investors include IPV Capital (Shanghai, China), Kleiner Perkins Caufield & Byers (Menlo Park, CA), and Qian Neng Fund (Wuxi, China). Also participating in this round are previous investors Trident Capital, VantagePoint Venture Partners, Google's Schmidt, and Stanford University.
"Our recent fundraising will enable us to deploy our first commercial product, validate our manufacturing processes, and launch a global presence," said to Dr. Kang Sun, CEO of Amprius.