Contour Raises $20M In VC Funding

Contour Energy Systems, an Azusa developer of advanced battery technology, has raised $20 million in a series C round of venture capital financing.SBI Jefferies Asia Fundwas the new investor in the fundraising process.

Existing investorsCMEA Capital,Harris & HarrisGroup,SchlumbergerandU.S. Venture Partnersalso participated. The company will use the funds to commercialize and accelerate time-to-market cycles for its portfolio of next-generation primary and rechargeable batteries as well as to expand production capacity.

Click here for the release fromPR Newswire.