Thursday, October 22, 2009

CFX Battery Raises $15M More

Azusa-based CFX Battery, a developer of advanced battery technology, said today at Los Angeles Technology Week that the firm has just closed a $15M, Series B funding round. CFX, a spinout of Caltech, is developing both primary and secondary batteries. Joseph Fisher, the firm's CEO, said on a panel that the investment was led by an unnamed strategic investor.