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BrightVolt Opens Series B Funding with New Science Ventures Leading Round

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BrightVolt Opens Series B Funding with New Science Ventures Leading Round

Investment fuels BrightVolt advancements in battery technology for global growth, powers new batteries needed for IoT, medical devices and wearables

REDMOND, Wash., Sept. 14, 2016 — BrightVolt Inc., the global leader in the design, development and scale manufacturing of ultra-thin film, flexible batteries, announced today the opening of a Series B round of investment. Prominent scientific venture capital firm New Science Ventures is anchoring the round with $5 million.

“There is enormous upside market potential for BrightVolt battery technology in the expanding IoT space, including sensors, labels, medical devices and wearables,” said Todd Peters, BrightVolt CEO. “As the numerous uses for our revolutionary and patented battery chemistry continues to multiply, with this investment so will our ability to meet global market demand. Our partnership with New Science Ventures accelerates our ability to lead new battery development and meet the world’s need for safer, smaller and more powerful batteries.”

BrightVolt will use these Series B funds to prepare for substantial growth in 2017, to continue to build on its patented, core battery technology, Polymer Matrix Electrolyte (PME) and to scale its manufacturing.

“As power requirements for semiconductors keep coming down and IoT applications experience rapid growth, many players are looking for flexible form factors to power these distributed devices,” said Vivek Mohindra, New Science Ventures partner and board member. “BrightVolt’s proprietary technology changes the way batteries are developed, and speed innovations in areas where new types of flexible and safe batteries are needed. Our continued commitment to BrightVolt reflects our strong belief in their industry-leading technology and the current direction of the company.”

Unlike liquid lithium-ion batteries which can be flammable and toxic when exposed to the environment, BrightVolt ultra-thin film, flexible batteries are solid state, meaning they can be heated and laminated onto smart security and payment cards, for example.

BrightVolt’s proprietary technology also provides for more rapid development and a more cost effective approach to printed manufacturing at scale. This scientific technology has been employed to manufacture more than 10 million BrightVolt ultra-thin film batteries and is the foundation for future growth.

BrightVolt is evaluating additional funding from other parties interested in investing in this rapidly expanding market space.

About New Science Ventures
New Science Ventures, LLC (NSV) is a leading venture capital firm focused on building companies that leverage breakthrough science to create extraordinary value. NSV invests in companies using science-based innovations to address market needs in Life Sciences (pharmaceuticals, biologics, medical devices, and diagnostics) and Information Technology (high-performance semiconductors, cellular infrastructure, sensor networks, enterprise software, and storage) sectors.

About BrightVolt
BrightVolt is the world’s leader in the design, development and scale manufacturing of ultra-thin film batteries. Our patented Lithium Polymer design allows our batteries to be the thinnest, most flexible and yet maintain the highest energy density to power a wide variety of IoT devices. Environmentally friendly and made in the US, BrightVolt has sold over 10 million batteries across the globe. www.brightvolt.com.

BrightVolt mentioned in The Kiplinger Letter

By News

The Kiplinger Letter, Washington D.C., May 27th, 2016 – You’ll be seeing more batteries everywhere in the years ahead…popping up in new applications, making existing products smarter and more versatile, helping the electric grid work more efficiently, etc.

They’ll be smaller, cheaper and more useful than today’s versions…a boon for many industries.

To picture tomorrow’s batteries, think thin: As little as half a millimeter in some cases… so thin they’ll be printed onto rolls of plastic film. That’ll enable mass production and drive down costs.

And think flexible. The tiny, rigid batteries that power small electronic items now will be replaced by ones that bend to fit products of varying shapes. And unlike today’s units, those thin, flexible batteries will tolerate being directly laminated or soldered onto the products that they’ll be powering.

Now think of all the likely uses for them:

Longer-lasting smartphones; smaller, nimbler drones; shipping labels that broadcast an item’s location within the supply chain via radio waves; and more. Go-anywhere batteries will open up whole new lines of products. For instance, look for flexible e-readers that can be rolled up or folded like a magazine. Patches with medical sensors that bend around a patient’s arm. Smart watches with batteries hidden in the band.

Among firms set to cash in on the growing demand for advanced batteries:
Privately held Imprint Energy, BrightVolt and Blue Spark Technologies. One or more could eventually be tempting takeover targets for larger, deep-pocketed tech firms.

Direct Link to The Kiplinger Letter

BrightVolt Awarded Patent for Supported Tab Battery Design

By News

REDMOND, Wash., May 5, 2016 – BrightVolt, Inc., the industry leader in ultra-thin flexible battery design and manufacturing, announces it has been awarded a new patent by the U.S. Patent and Trademark Office for “Improved battery packaging and constructions for batteries, particularly thin, flat-profile packaged batteries.” This patent, now granted for BrightVolt in the United States, and already granted in key global markets, further establishes BrightVolt as the leading company in battery technology and design.

The proprietary technology applicable in rapid development and production provides for better battery packaging constructions and easier fabrication. Collector tabs coated by electrically conductive adhesive tape provide better packaging and materials creating support for tabs and regular battery perimeter thus eliminating the need for soldering.

According to CEO Todd Peters, “We strive to be at the leading edge of battery design and manufacturing and are enabling designers to build their products and not be constrained by the size, shape and to some extent, the power of the battery. This patent further reinforces what we have already been confident in for some time, our technology is a game changer in IoT and ultimately, in the very way we live our lives.”

The patent, numbered US 9,224,516 B2, describes “battery packaging constructions which eliminate the need for soldering” through the use of collector tabs coated by electrically conductive adhesive tape. The result: better fabrication and ultimately a much more secure connection, especially for use in RFID tags, smart cards and medical devices, to name just a few possible applications in the Internet of Things (IoT) space.

BrightVolt anticipates that this patent, in addition to the 75 others in its portfolio (with still more in the pipeline), will further solidify the Company’s advanced proprietary position in ultra-thin battery manufacture and construction. “These batteries will soon be found everywhere,” says Peters. “From the cards in your wallet to packages shipped around the world to the power inside medical devices which are saving and prolonging human life, they will be a ubiquitous part of our existence.”