Irvine spinout Enevate battery secures $30m in series B for lithium batteries.

Enevate, a spinout of University of California Irvine, has raised $30m in its series B.

The round into the lithium battery developer was led by Infinite Potential Technologies, and joined by new backers Mission Ventures and China-based Tsing Capital. Existing backers Presido Ventures also joined the round.

In total, Enevate has raised $64m in venture support. The California-based company previously held a round in late 2012, where it raised $24m, and a further $10m in 2011.

The company is developing lithium-ion batteries for smartphones and similar devices which uses silicon composite anodes which the company says can boos energy density by up to 50%.

Brian Wong, CEO of Enevate, said: “This new funding allows Enevate to bring our technology and products developed for our first strategic investors and customers into high volume mass production. It also enables us to expand into new and exciting applications such as drones where high energy density is immensely valuable to extend flight times.”