Ambri Gets $35M Boost for Its Liquid Metal Battery Tech
May 02, 2014
Electricity storage technology company Ambri has received $35 million in Series C financing from new investor KLP Enterprises with participation from Khosla Ventures, Total, Building Insurance Bern and individual investors. Ambri raised a $15 million Series B in 2012 that valued the company at $36 million and has raised a to-date total of $54 million in equity financing. The new capital will go towards commercializing its liquid metal battery technology, which consists of a cell with three self-separating liquid layers—two metals and a salt—that float on top of each other due to different densities, resulting in a low-cost and efficient storage system.