Participated · Series A · Nov 2013

BrightVolt develops solid-state Lithium‑Ion batteries built around its proprietary polymer matrix electrolyte (PME®) technology. The company reports having sold more than 15 million primary solid‑state batteries globally across medical, automotive, industrial, and consumer markets. BrightVolt says its PME® is compatible with existing roll‑to‑roll lithium‑ion manufacturing lines with only minor capital refinements, improving several performance metrics. The firm targets commercialization of rechargeable solid‑state batteries for applications including e‑mobility, hybrid and electric vehicles, consumer electronics, drones, medical and wearable devices, and other IoT products. Fresh funds from the announced financing will be used to develop larger form‑factor products aimed at industrial electrification and e‑mobility markets. BrightVolt is headquartered in Redmond, Washington, and operates a Research and Development center in Indiana. BrightVolt designs, develops and scales manufacturing of ultra-thin film, flexible batteries. Its products are based on a patented Lithium Polymer design and a Polymer Matrix Electrolyte (PME) core technology. The company has sold over 10 million batteries across the globe. BrightVolt plans to use new funding to prepare for substantial growth in 2017 and to scale its manufacturing. Led by CEO Todd Peters, the company intends to continue building on its patented core battery technology. BrightVolt is evaluating additional investment from other parties interested in this market space. Solicore develops a product portfolio of advanced ultra-thin, flexible lithium polymer batteries targeted at powered cards, RFID and micro medical devices. The company says its battery technology is ultra-thin, flexible, safe and environmentally friendly and enhances the capabilities of lithium-based batteries. Led by CEO Dave Corey, Solicore positions its products for small, thin-form-factor and implantable applications. The company intends to use new funding to expand its market reach. Solicore is headquartered in Lakeland, Florida. No operating metrics or revenue figures were disclosed in the article.