Potomac Angel Capital
Washington, District of Columbia, United States
Overview
Potomac Angel Capital is an angel network offering early-stage capital and growth expertise to mission-driven entrepreneurs.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Financial Services
- Impact Investing
Investment portfolio
- Safire Technology Group
Participated · Series A · Sep 2024
Safire Group develops SAFIRE™, a patented drop-in additive for Li‑ion batteries that prevents fires through an instantaneous liquid-to-solid transformation upon kinetic impact. Its shear-thickening electrolyte enables batteries to resist deformation and prevents short circuits, providing lightweight crash protection for EVs and enabling novel battery uses. SAFIRE was invented after nearly a decade of research and development at the U.S. Department of Energy's Oak Ridge National Laboratory. The company is deploying the technology in four distinct use cases: a ruggedized electric motorcycle, a rapidly deployable sensor tower, an unmanned ground vehicle, and multifunctional body armor. Safire is venture-backed and announced $8 million in new Pre‑Series A financing, bringing total funding to $11 million. The company plans to expand operations in the Knoxville, Tennessee area, continue collaboration with ORNL, and further demonstrate SAFIRE in government and automotive markets.
Team
No current team members are available.