Liquid Metal Battery raises $15M in series B financing
Liquid Metal Battery, an MIT spinoff backed by Bill Gates, has secured an additional $15 million in series B financing in a funding round led by Khosla Ventures, the company announced today.
The Cambridge, Mass.-based company, which aims to build a cheap battery for bulk storage of wind and solar power, also announced that Andrew Chung, a Khosla Ventures partner, would join the board.
"Our Liquid Metal Battery technology is tremendously exciting because it has the potential to dramatically change the electric power system everywhere," Liquid Metal Battery CEO Phil Giudice said in a statement announcing the new funding. "more