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Contour Raises $20M In VC Funding

Contour Energy Systems, an Azusa developer of advanced battery technology, has raised $20 million in a series C round of venture capital financing.

Contour Energy Systems, an Azusa developer of advanced battery technology, has raised $20 million in a series C round of venture capital financing. SBI Jefferies Asia Fund was the new investor in the fundraising process.

Existing investors CMEA Capital, Harris & HarrisGroup, Schlumberger and U.S. Venture Partners also participated. The company will use the funds to commercialize and accelerate time-to-market cycles for its portfolio of next-generation primary and rechargeable batteries as well as to expand production capacity.

Click here for the release from PR Newswire.

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