[Techtaffy Newsdesk]
Enevate has completed Series B financing of $24 million. The round includes new investors CEC Capital, Tsing Capital, Presidio Ventures, and other strategic investors, and existing investors Mission Ventures and Draper Fisher Jurvetson.
Based in Irvine, California, Enevate is focused on developing next generation Li-ion batteries for smartphones, tablets, and ultra-thin notebook PCs.
Enevate was advised by Pantek Partners for a portion of this financing.