SiNode Systems, a Chicago, IL-based energy startup, received an investment from Energy Foundry, an impact venture capital fund, created out of the Illinois Energy Infrastructure Modernization Act.
The amount of the transaction was not disclosed.
The company intends to use the funds to accelerate development of its technology.
Led by Samir Mayekar, CEO, SiNode Systems has developed (at Northwestern University) an advanced battery material made of silicon and graphene in a novel layered structure, which enables improvements in the amount of energy a battery for cell phones and portable electronics can store, as well as how quickly it can charge.
FinSMEs
13/03/2014