Contour Energy Closes $20M In Series C

Azusa-based Contour Energy Systems, the developer of battery technology based on research from Caltech, announced this morning that it has raised $20M in a Series C funding round. The company said it added new investor SBI Jeffries Asia Fund L.P. as a new investor in the round. Other investors in the round included CMEA Capital, Harris & Harris, Schlumberger and U.S. Venture Partners. The firm said the new funding will go towards production capacity and working capital. Contour Energy Systems is headed by Joe Fisher. More information »