Infinite Power solutions raises $20m in funding

Infinite Power Solutions, a US-based clean technology company, has announced that it has successfully completed its series C round of financing – raising $20m (£13m).

The funding will be used to expand the company’s manufacturing capacity, accelerate the build out of its global sales channels and further support advanced research and development of its eco-friendly Thinenergy solid-state rechargeable energy-storage devices.

Existing financial investors DE Shaw Ventures, Polaris Venture Partners and Core Capital Partners co-led the financing, which also included new investor Generation Investment Management and participation by Applied Ventures and two additional strategic investors. 

Earlier investors in the company included Texas Instruments and In-Q-Tel.