Prieto Battery raises $5.7 million to accelerate development of solid-state advanced rechargeable batteries.
Prieto Battery, Inc. announced that it has closed on the first tranche of its $5.7 million Series C Round financing. The investment will accelerate Prieto’s development of its proprietary 3D solid-state rechargeable lithium-ion battery.
Pilatus Capital, a new investor in the company, led the series C financing with participation of existing investors including Stanley Ventures.
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Prieto’s novel and patented battery architecture provides higher power capabilities, fast charging, high energy density, low and high temperature operation, and is safer than conventional lithium-ion batteries.
Mike Rosenberg, Prieto CEO.
We welcome Pilatus Capital to the Prieto investor team and are encouraged by the continued support of our strategic partner Stanley Ventures.
“The Series C financing enables us to expand our team and build up the resources necessary to scale our solid-state battery for our partners and customers, as well as initiate the development of high-volume manufacturing processes.”
Sebastien Belanger, Pilatus Capital’s Principal Executive Officer.
Prieto’s technology is unique and potentially transformative.
“It is a solid-state system that has the potential for high power and fast charge, but also high energy density and operating safety”
“Pilatus is pleased to join the other investors and to work closely with the Prieto team as well as Stanley Ventures to commercialize this breakthrough technology.”
About Prieto Battery
Prieto Battery is an advanced technology company focused on the development and commercialization of advanced 3D, solid-state, lithium-ion, rechargeable batteries. The company was founded by Dr. Amy Prieto to commercialize patented 3D advanced battery technology and its lab and headquarters are in Fort Collins, CO. Prieto is an industry leader in the development of advanced technology batteries with its unique 3D battery architecture that enables both high power and high energy density.
Alongside the technology, Prieto has also patented a unique low-cost electroplating manufacturing process for its battery that uses non-toxic materials. Please visit www.prietobattery.com for additional information.
Prieto Battery Raises $5.7 Million to Accelerate Development of Solid-State Advanced Rechargeable Batteries, FORT COLLINS, Colo., August 18, 2021
