VC John Doerr Told Senators About Promising ‘Stealth’ Battery Company
Katie Fehrenbacher at Earth2Tech has some more juicy details on venture capitalist John Doerr’s meeting with Senate Democrats yesterday:
for industry-watchers interested in Kleiner’s portfolio [the VC firm where Doerr is a partner], it’s worth pointing out that Doerr mentioned a new “stealth mode” lithium-ion battery maker. He says the unnamed startup “creates stable, durable lithium ion batteries with higher effective storage capacity” that can power electric vehicles “twice as far, and eventually three times as far, to over 100 miles before recharging.”
Doerr also gave a few clues on the company’s origins and future plans – supposedly the startup was found “outside the U.S.,” but is building manufacturing plants in the Midwest and will ship batteries at the end of the year. Doerr positioned the company as no less than an automotive breakthrough and said: “This technology could be a key driver for the electrification and revitalization of our automotive industry, helping us retain and create many jobs.”
Hat-tip: DealBook
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