Battery startup Seeo, of Hayward, California, has secured a $17 million Series E investment in the latest round of funding, lead by Samsung Ventures, and featuring contributions from existing investors Khosla Ventures and GSR Ventures.
Seeo has developed a lithium-ion battery that is more efficient and less flammable than traditional battery technology. It uses a solid polymer for its electrolyte, rather than the flammable liquid used as the electrolyte solution in other batteries. The polymer also offers greater efficiency, with Seeo hoping to build a cell that can hold 400 Watt-hours per kilogram. For contrast, the battery in a Tesla Model S has an energy density of 240 Wh/kg.
Hal Zaram, CEO of Seeo, says that the investment will be used to expand the company’s manufacturing plant in Hayward. Zarem hopes to have the new battery available by the third quarter of 2015.
Source: Wired
Electronic Arts (EA) announced today that its games were played for over 11 billion hours…
Steam's annual end-of-year recap, Steam Replay, provides fascinating insights into gamer habits by comparing individual…
GSC GameWorld released a major title update for STALKER 2 this seeking, bringing the game…
Without any formal announcement, Intel appears to have revealed its new Core 200H series processors…
Ubisoft is not having the best of times, but despite recent flops, the company still…
If you haven’t started playing STALKER 2: Heart of Chornobyl yet, now might be the…