Amprius, which manufactures high-capacity lithium-ion batteries, has raised $30 million in a Series C funding round led by SAIF Partners, a private equity firm in China. All of the Sunnyvale company’s previous investors also participated, including Trident Capital, VantagePoint Capital Partners, IPV Capital, Kleiner Perkins Caufield & Byers and Stanford University, which originally developed the technology. Amprius will use the funds to commercialize its existing batteries and develop its technology.
This article originally appeared on Recode.net.
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