The vehicle charging technology developer, spun out of UC Irvine, has now raised $191m in total.
Enevate, a US-based battery technology spinout of University of California, Irvine, raised $81m in series E funding on Wednesday.
Investment and financial services group Fidelity Management & Research led the round, which included venture capital firms Mission Ventures and Infinite Potential Technologies. The company said it has now secured $191m in funding altogether.
Founded in 2005, Enevate develops silicon-dominant lithium-ion battery technology intended to help electric vehicles (EVs) charge more quickly.
The funding will be used to bolster Enevate’s pre-production…
