The Peoria, Ill., startup capped off a $16 million third round of funding to continue developing and marketing its carbon and graphite foam-based battery technologies for commercial and military use. Khosla Ventures and Infield Capital, which signed on as new investors to lead the deal, were joined by Stark Capital, Caterpillar and other previous investors.
Firefly, which claims its lead acid batteries are cheaper, lighter and more powerful than conventional ones, will release the Oasis battery this summer. Intended for use in long-haul trucks, the battery will power sleeper cabs when the truck’s diesel engine is idling to reduce fuel emissions. This idea isn’t totally unique; Glacier Bay intends to do the same thing with small generators.
READ COMPLETE ARTICLE >>
IMPORTANT NOTICE: To read this Venture Beat news story, click the READ COMPLETE ARTICLE link
above. This will launch a separate window to the original news source. To comment on this
story use the Reader's Comment form below.
Reader Comments
A valid email address and confirmation is required before your comment can be posted. Comments not confirmed within
24 hours are automatically deleted.
2 comments so far...
07-May-2008
61552
| |
Here's my question, will the Oasis battery have the 3-400 amp power necessary to run an EV? 50% longer run time sounds pretty attractive for my conversion but I can't find a max amp spec anywhere.
Posted by: Dave K.
|
|
07-May-2008
61555
| |
Whatever happened to their plans to make battery lawn mowers?
Posted by: Neil Packrat
|
|
