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Battery manufacturer Amprius seals $30m VC round

6 Jan 2014

Amprius, a manufacturer and developer of high energy and high capacity lithium-ion batteries, has received $30m in Series C funding.

Asian private equity firm SAIF Partners led the financing, in which all of Amprius’ previous investors participated. Amprius’ Series A and B investors include Trident Capital, VantagePoint Capital Partners, IPV Capital, Kleiner Perkins Caufield & Byers, Chinergy Capital, Google chairman Eric Schmidt, and Stanford University.

The company said it use the funds to commercialise its high energy and high capacity batteries and further develop the next generations of its advanced batteries.

“Amprius’ advanced technologies address consumer demand for high energy, long life batteries,” said Andrew Yan, founding managing partner of SAIF Partners. “We are delighted to invest in Amprius and accelerate the company’s international growth. SAIF Partners supports Amprius’ short-term focus on consumer electronics and shares the company’s medium- and long-term interest in electric transportation.”

Amprius maintains an R&D lab and corporate headquarters in Sunnyvale, California and operates an R&D lab and state-of-the-art pilot production line for advanced battery development in Nanjing, China.

SAIF Partners provides growth capital to companies in the information, technology internet, mobile, consumer products and services, healthcare, cleantech, education, modern agriculture, financial services and manufacturing sectors. The firmwas founded in 2001 and currently manages over $3.6bn in capital.

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