rechargeable battery maker Infinite Power gains repeat investment from Applied Ventures in its consortium.

Infinite Power Solutions, a US-based maker of rechargeable batteries, has raised $20m in its series C round, including from Applied Ventures, the corporate venturing division of technology company Applied Materials.

Financial investors DE Shaw Ventures, Polaris Venture Partners and Core Capital Partners co-led the C round, which also included UK-based venture capital firm Generation Investment Management as a new member of the investment syndicate. Applied Ventures and two other, undisclosed strategic investors also participated in the C round.

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