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March 23, 2006
Paper Battery Startup Charges Up First Round
Tornado Insider is reporting that Enfucell, a Finnish developer of disposable paper batteries, raised a €600K first-round for R&D and commercialization. Further details of the funding were not disclosed. The company was founded in June 2002 and spun out of the Automation Laboratory at Helsinki University of Technology.
Enfucell hopes its batteries end up powering smart cards, micro sensors, greeting cards, and other small, low power electronics.
There is another startup with a similar product, PowerPaper, based in Israel, which not only develops similar batteries but also developed several products on top of the battery tech, such as a wrinkle reducing gadget (pictured here) which delivers electrical current along with skin rejuvenating elixers.
PowerPaper delivers the PowerCosmetics line of beauty treatments.
Read - Enfucell receives first VC financing round
Posted on March 23, 2006 04:31 PM | Posted to Alternative Energy | Venture Capital | Permalink
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