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
SYS-CON Events announced today that Carbonite will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that A&I Solutions has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 1999, A&I Solutions is a leading information technology (IT) software and services provider focusing on best-in-class enterprise solutions. By partnering with industry leaders in technology, A&I assures customers high performance levels across all IT environments including: mai...