Solicore, maker of flexible, rechargeable batteries, raises $5M in debt
Solicore, maker of flexible, rechargeable batteries, raises $5M in debt
Solicore, the Lakeland, FL owner of the Flexion brand of batteries, has raised an additional $5 million in venture debt from BlueCrest Capital FInance, according to VentureWire.
Flexion batteries are made from lithium polymer, an environmentally safe mix that also allows for a thickness of less than half a millimeter. That width, in turn, allows for a great deal of flexibility, so that the battery can be built into non-standard device configurations.
The company has raised in excess of $40 million since its founding from investors including Braemer Energy Ventures, Draper Fisher Jurvetson, Firelake Capital, OPG and Rho. It last venture financing was in 2005.
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Tags: co:solicore, deal, inv:BlueCrest-Capital-Finance
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.