Thousand Oaks, Calif. (August 23, 2018)–Battery Streak, which has created ultra-fast lithium ion battery charging technology, received its second round of venture capital funding from Act One Ventures and company management. The Los Angeles-based venture capital firm invests in scientific research that is ready to make the move out of the lab.
“The time is right to transition from research to reality,” says Sarah Tolbert, UCLA professor and Battery Streak co-founder along with Dr. Bruce Dunn. “Because of Act One, we are taking our research from an academic idea to something that will actually impact the world.”
“Because of Act One, we are taking our research from an academic idea to something that will actually impact the world.”
Battery Streak, based in Thousand Oaks, California, is currently developing prototype batteries and expects to release samples for customer evaluation in Q4 2018. “Battery Streak has met its target milestone of 80 percent charge in less than 5 minutes with coin cells,” says David Grant, Battery Streak CEO. “The new round of funding will support the development of larger cells and production of more demonstration batteries for customer evaluation.”
“Batteries are critical part of our lives now and it is time they improved,” says Michael Silton, managing director at Act One Ventures. “We are excited to be funding this breakthrough technology from the laboratories of UCLA. “
Battery Streak’s initial markets are portable medical devices, power tools and commercial and industrial machinery. Future markets include personal devices and electric vehicles.
For more information, contact Grant at [email protected] or go to www.BatteryStreak.com.
Battery Show Media Interview Opportunities: Battery Streak is in Booth 2152 at The Battery Show 2018 taking place September 11–13, 2018 at the Suburban Collection Showplace in Novi, MI. Please contact David Grant or Dan Alpern (contact info below) to arrange a meeting time at the conference with Grant. He can discuss the company’s background, funding and current prototype testing status. You can also view a video at the Battery Streak booth showing the charge/discharge cycle using Battery Streak technology.
Dan Alpern, Marketing & Communications