Amprius Raises $30M to Accelerate Commercialization of High Energy Batteries
SUNNYVALE, Calif. and NANJING, China, January 6, 2014-– Amprius, a leading manufacturer and developer of high energy and high capacity lithium-ion batteries, has received $30 million in Series C funding. Amprius will use the funds to commercialize its high energy and high capacity batteries and further develop the next generations of its advanced batteries.
SAIF Partners, a leading Asian private equity firm, 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.
“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 products have received significant attention and enthusiastic responses from customers worldwide," said Dr. Kang Sun, CEO of Amprius. “Series C funding will hasten the commercialization of our high energy and high capacity batteries and the on-going development of silicon-based anodes, advanced cathodes, and innovative manufacturing processes.”
Amprius is a leading manufacturer and developer of high energy and high capacity lithium-ion batteries. The company 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.
About SAIF Partners
SAIF Partners is a leading private equity firm in Asia that provides growth capital to promising companies. SAIF’s primary areas of focus include Information, Technology Internet, Mobile, Consumer Products and Services, Healthcare, Cleantech, Education, Modern Agriculture, Financial Services & Manufacturing. SAIF Partners was founded in 2001 and currently manages over $3.6 billion in capital.
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