Earlier this month, Azusa-based CFX Battery , a stealthy battery technology spinout from Caltech, announced it had raised a new round of funding worth $14.2M. Joe Fisher: Back about three years ago, Caltech took some of the intellectual property involved with this to an event, where once a year they invite venture capital groups to come in. As a result, in 2007, our three lead investors -- including CMEA Capital, U.S. This week, the firm announced that it was renaming itself Contour Energy (www.contourenergy.com)--and said it was ready to talk about what its battery technology is all about.

Azusa-based CFX Battery , the stealthy Caltech battery spinoff, said today that it has renamed itself Contour Energy , and emerged out of stealth mode. in funding from CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners--said it is targeting the transportation, government and defense, medical, industrial, portable electronics and specialty application markets with its products, which were developed out of a collaboration between CalTech and CNRS, the French National Center for Scientific Research. Contour Energy said it is developing advancements in fluorine-based battery chemistries, nanomaterials science, and manufacturing processes, and is targeted at portable power products.

The firm said the Series B round came from CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners. CFX Battery's Fisher said it will use the new funding to double manufacturing capacity at its Azusa headquarters. Tags: battery venture capital energy materials advance Asuza-based CFX Battery , a Caltech spinout developing battery systems, is announcing today that it has raised $14.2M in additional funding.