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Battery developer gets $15 million in financing

Published Wednesday, June 18, 2008

Firefly Energy Inc., which has been developing a portfolio of next-generation lead-acid battery technologies, announced this week that the company has completed a $15 million Series C equity round of financing led by a strategic group of Clean-Tech investors, including Quercus Trust, Khosla Ventures and Infield Capital--all investment firms focused primarily on clean technologies addressing environmental issues. These new investors join existing Firefly Energy investors Caterpillar, BAE Systems, Husqvarna, KB Partners, the Illinois Finance Authority and the Tri-County Venture Capital Fund. The company said it will use the new capital to accelerate first-generation products for the ...

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