Leyden Energy Raises $10M in Series C Financing
Summary
Leyden Energy, Inc., a Fremont, Calif.-based developer and manufacturer of advanced batteries for the mobile, consumer electronics and light electric vehicle markets, raised $10m in Series C financing.Backers included existing investors New Enterprise Associates, Lightspeed Ventures, Sigma Partners and Walden International.The company intends to use the capital for productization and commercialization of its battery chemistries, built on research and development discoveries in both silicon anode (Si-anode) technology for mobile consumer electronics applications and advanced lithium ion (Li-ion) chemistry for start-stop automotive applications.Led by Rick Wilmer, president and CEO, the company has signed a number of design partnerships with large consumer electronics companies.FinSMEs 23/01/2013