Welcome!

News Feed Item

Caerus Ventures Invests to Alleviate Electronics Industry Pain Point: Battery Life

Caerus Ventures, a South Florida venture capital firm focusing on early-stage investments today announced that it led a $3M Series A Round investment in Paper Battery Company.

Paper Battery Company, based in Troy, N.Y., has developed a proprietary, patented and scalable technology that enables it to produce ultra-thin, flexible ultracapacitors. Paper Battery’s ultracapacitors can dramatically increase the battery life, thermal efficiency, and signal effectiveness of electronics devices such as smartphones, tablets, wearables, remote servers and Internet of Things products while also reducing the bill of materials cost.

The financing will be used to scale from the existing pilot production line to commercial manufacturing and achieve first sales revenues in 2015. In the last eight months, the company has installed a new pilot line facility, launched a commercial partnership with a battery pack manufacturer in Asia and signed a test and evaluation contract with a potential large customer in consumer electronics. PowerPatch™ product prototypes have been validated by customers, partners, and strategic investors, and progress towards commercial production is driven by confirmed interest from these parties.

Gregory Borchardt, Managing Director of Caerus Ventures, and a veteran of the consumer electronics industry, said, “In all my years of developing consumer products, I am most excited about the impact that this breakthrough technology will have in augmenting or replacing lithium-ion batteries and making products more energy efficient, from the smallest smartphones, to servers and automotive batteries. This company’s product platform is showing that you can be all three -- cheaper, faster and better -- a mantra for the electronics industry.”

The Paper Battery Company’s CEO, Shreefal Mehta, said, “This capital round will allow the company to scale production and rapidly bring to market novel pulse-power management solutions building on its ultrathin ultracapacitors. Customers have shown keen interest in the demonstrated cost-saving and performance-enhancing value proposition of offering multi-function solutions with scalable voltage and energy in a single thin package.”

Other investors in this round include Tylt Labs, a strategic investor with strong market knowledge and supply chain infrastructure in consumer electronics, and luminary energy and materials venture capitalist, Tom Baruch.

About Caerus Ventures

Headquartered in West Palm Beach, FL, Caerus Ventures is an emerging venture capital fund manager focused on investing in early-stage consumer-facing technology companies. Caerus seeks companies with proven management teams, strong patent portfolios and compelling products. Caerus’ focus industries include: software, hardware, consumer products, IT, the Internet of Things, and payments. Caerus has extensive networks in the industries in which it invests, resulting in a strong pipeline of deal flow, and the ability to introduce its portfolio companies to business development opportunities. Caerus recently held a first close of Caerus Investment Partners Fund I. The fund currently has four investments in its portfolio and will have a final close during the first quarter of 2015. www.caerusvc.com

About Paper Battery Company

The Paper Battery Company has designed a game changing ultrathin ultracapacitor with industry leading peak power performance. The company’s first product line, PowerPatch™, provides scalable voltage, energy and power in a single, ultrathin package. The long life, environmentally-friendly device works with existing lithium batteries, reducing waste, enhancing performance and can be designed in as a structural component to fit in or around the tight confines of portable electronic components. The enabling ultrathin form factor of the high-power ultracapacitor sheets has a transformative impact on power management and battery performance in computing and electronics applications. The company’s innovative business model and technology garnered recognition as a TIE50 2013 awardee and multiple competitive awards from NY State Energy and Research Development Authority. www.paperbatteryco.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Your clients expect transactions to never fail, cloud access to be fast and always on, and their data to be protected - no exceptions. Hear about how Secure Service Container (SSC), an IBM-exclusive open technology, enables secure building and hosting of next-generation applications, both cloud and on-premises. SSC protects the full stack from external and insider threats, allows automatic encryption of data in-flight and at-rest, and is tamper-resistant during installation and runtime – with no...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, will discuss how data centers of the future will be managed, how th...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
With the rise of DevOps, containers are at the brink of becoming a pervasive technology in Enterprise IT to accelerate application delivery for the business. When it comes to adopting containers in the enterprise, security is the highest adoption barrier. Is your organization ready to address the security risks with containers for your DevOps environment? In his session at @DevOpsSummit at 21st Cloud Expo, Chris Van Tuin, Chief Technologist, NA West at Red Hat, will discuss: The top security r...
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
Cloud-based disaster recovery is critical to any production environment and is a high priority for many enterprise organizations today. Nearly 40% of organizations have had to execute their BCDR plan due to a service disruption in the past two years. Zerto on IBM Cloud offer VMware and Microsoft customers simple, automated recovery of on-premise VMware and Microsoft workloads to IBM Cloud data centers.
Why Federal cloud? What is in Federal Clouds and integrations? This session will identify the process and the FedRAMP initiative. But is it sufficient? What is the remedy for keeping abreast of cutting-edge technology? In his session at 21st Cloud Expo, Rasananda Behera will examine the proposed solutions: Private or public or hybrid cloud Responsible governing bodies How can we accomplish?
There is huge complexity in implementing a successful digital business that requires efficient on-premise and cloud back-end infrastructure, IT and Internet of Things (IoT) data, analytics, Machine Learning, Artificial Intelligence (AI) and Digital Applications. In the data center alone, there are physical and virtual infrastructures, multiple operating systems, multiple applications and new and emerging business and technological paradigms such as cloud computing and XaaS. And then there are pe...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...