Amprius, a US-based developer of lithium ion battery technology, has raised $25m in its series B round from a consortium including two China-based firms,
venture capital (VC) firm IPV Capital and Qian Neng Fund, thought to be connected to China-based industrial group Qianneng.
The other investors were VC firms Kleiner Perkins Caufield & Byers, Trident Capital and VantagePoint Venture Partners; angel investor Eric Schmidt; and Stanford University.
Kang Sun, chief executive of Amprius, said: "Our recent fundraising will enable us to deploy our first commercial product, validate our manufacturing processes, and launch a global presence."
Founded in 2008 by Yi Cui of Stanford University, in March 2009 Amprius raised $5.9m in its first round of funding from Vantage Point Venture Partners and Trident Capital. It has also won a $3m grant from the US’s National Institute of Standards and Technology’s Technology Innovation Program.