Tech Company Financing Transactions
Sakti3 Funding Round
Sakti3 closed a $7 million Series B funding round on 4/1/2010. Investors included Belden and Khosla Ventures.
Transaction Overview
Company Name
Announced On
4/1/2010
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Series B
Investors
Belden (Lead Investor)
Khosla Ventures (Lead Investor) (Vinod Khosla)
Proceeds Purpose
Sakti3 also plans to patent a new manufacturing process that limits material use and waste.
Company Information
Company Status
Acquired or Merged
Industry
Energy & Battery
Mailing Address
1490 Eisenhower Place Building 4
Ann Arbor, MI 48108
USA
Ann Arbor, MI 48108
USA
Phone
Undisclosed
Website
Email Address
Overview
Sakti3 is a Michigan-based company that is developing an advanced solid-state rechargeable lithium-ion battery technology. We aim to further enable electric drivetrain vehicles that are capable of getting over 100 miles per gallon.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ann Sastry
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