Monday, August 31, 2009

Battery Startup Seeo Raises $8.6M, With Khosla Back for More

Vinod Khosla, one of Silicon Valley’s biggest cleantech backers and the founder of Sun Microsystems, may be keeping an eye on the hype about lithium-ion batteries, but the venture capitalist is still excited about one of his earlier lithium battery plays: Seeo. The stealthy startup, which is developing a nano-structured lithium-polymer battery, has raised more than $8.6 million in new funding, according to regulatory filings picked up by peHUB this morning, and investors in the round include Khosla’s firm, Khosla Ventures. Seeo, based in Berkeley, Calif., has now raised a total of more than $10.6 million for its solid-state battery, which is based on a solid polymer electrolyte that the founders developed at the Lawrence Berkeley National Lab. More>