The solid state battery company, backed by Intel, Texas Instruments, Bekaert and Dow Chemical, plans to raise up to $7m more in the first half of 2016.
Cymbet, a US-based solid state energy storage technology developer backed by corporates including chip manufacturers Texas Instruments and Intel, has received more than $10m in funding from Island Shore Investments (ISI).
The investment is part of a two-tranche funding round, and follows a $20m investment by ISI in 2013. The second tranche, set to be sized between $5m and $7m, is expected to be raised in the first half of 2016.
Cymbet’s eco-friendly, rechargeable solid state batteries are utilised in…
