Contour Energy Systems, a portable power company commercializing next-generation battery systems, announced it has finalized its Series C round of financing that now includes SBI Jefferies Asia Fund L.P. as its newest investor. The closed Series C round, totaling over $20 million, includes Singapore’s leading global fund, EDBI as lead investor. Contour Energy’s previous investors CMEA Capital, Harris & Harris, Schlumberger and U.S. Venture Partners also participated in this investment round.
With this latest round of funding, Contour Energy Systems will continue to expand what it describes as its breakthrough R&D efforts in carbon-fluoride chemistries being developed to significantly increase the energy and power densities of next-generation batteries for a broad cross-section of markets. The company will also apply its new financing to expand production capacity and allocate working capital in support of projected sales growth. A key objective of this strategic investment round is to commercialize and accelerate time-to-market cycles for its portfolio of next-generation primary and rechargeable batteries targeting applications in consumer, industrial, medical, military and specialty markets worldwide.
