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Terawatt Technology Completes Series B Funding To Accelerate Pilot Production Of Its Next-Gen Lithium-Ion Batteries.

Jun 09, 2022•over 3 years ago

Round Type

series b

Santa Clara

Description

TeraWatt Technology, a next-gen lithium-ion battery producer for diverse electrified applications, has announced the completion of Series B funding led by Temasek, a global investment company headquartered in Singapore. Investors from Series A, including Khosla Ventures, JAFCO, and Scrum Ventures participated again in this round. Coral Capital and Daikin joined the Series B round as a new investor.

Company Information

Company

Tera Watt Technology

Location

Santa Clara, California, United States

About

Based in Santa Clara, California, TeraWatt Technology is a leading producer of next-gen lithium-ion batteries for diverse electrified applications, led by co-founder CEO Ken Ogata and co-founder, finance & strategy lead Kazuma Yamauchi. TeraWatt Technology operates from its Santa Clara headquarters and its subsidiary in Japan with outstanding support from Organization for Small & Medium Enterprises and Regional Innovation (SMRJ). Investors who joined the previous rounds include Mirai Creation Fund II (managed by SPARX Group), In-Q-Tel, and other industry-leading VC firms, and reputable angel investors. *This does not mean that UL Japan, Inc. guarantees the product's safety or other matters. SOURCE TeraWatt Technology Inc.