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Actacell

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ActaCell, Inc. is an Austin-based technology start-up commercializing lithium-ion battery technology developed in the Material Science and Engineering lab at The University of Texas at Austin. This new technology is focused on delivering substantially longer cycle life at low cost while maintaining safety as the number one priority. The Material Science and Engineering program at the University of Texas has a long history of innovation in lithium ion chemistries.

the company announced on July 200, 2008 that it secured $5.8 million in Series A financing. DFJ Mercury led the round with syndicate investment from Google.org’s RechargeIT program, Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. and Good Energies. The proceeds from the Series A financing will be used to hire key technical talent and to further develop ActaCell’s lithium-ion battery technology for commercial purposes.

Milestones

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• 
  Actacell added Bill Ott as President and CEO.
  Posted 9/23/08 at 6:40pm
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  Actacell received $3M in Grant funding. (12/29/10)
  Posted 12/29/10 at 8:43pm via freshnews.com
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  Actacell received $1M in Seed funding. (11/10/09)
  Posted 11/10/09 at 5:05pm via earth2tech.com
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  Actacell received $5.8M in Series A funding. (7/22/08)
  Posted 9/23/08 at 6:40pm via actacell.com

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Sources

1. ActaCell Closes $5.8 Million Series A Financing; Investment Consortium Led By DFJ Mercury Includes Google.org, Applied Ventures and Good Energies (actacell.com) [edit]
2. earth2tech (earth2tech.com) [edit]
3. ActaCell Awarded $3 Million From The U.S. Department Of Commerce’s National Institute Of Standards And Technology (freshnews.com) [edit]