The vehicle charging technology developer, which counts Sumitomo, LG Chem, Samsung, Bangchak and Lenovo as investors, has now raised $191m in total.

Enevate, a US-based battery technology developer backed by conglomerate Sumitomo, chemicals producer LG Chem, energy company Bangchak and consumer electronics manufacturers Samsung and Lenovo, raised $81m in series E funding on Wednesday.

Investment and financial services group Fidelity Management & Research led the round, which included venture capital firms Mission Ventures and Infinite Potential Technologies. The company said it has now secured $191m in funding altogether.

Founded in 2005, Enevate develops silicon-dominant lithium-ion battery technology intended to help electric vehicles…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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