What is Prieto Battery?
Founded in 2009, Prieto Battery is an advanced technology enterprise dedicated to the development and commercialization of next-generation 3D, solid-state, lithium-ion rechargeable batteries. By leveraging a unique architectural approach to battery design, the company aims to overcome the inherent limitations of conventional liquid-electrolyte systems, such as energy density, charging speed, and safety. Headquartered in Colorado, Prieto Battery operates at the intersection of materials science and industrial engineering, positioning itself as a critical player in the global shift toward electrification and sustainable energy storage solutions.
How much funding has Prieto Battery raised?
Prieto Battery has raised a total of $12.8M across 6 funding rounds:
Private Equity
$900K
Private Equity
$500K
Series B
$4.5M
Private Equity
$1.2M
Debt
$71K
Series C
$5.7M
Private Equity (2009): $900K, investors not publicly disclosed
Private Equity (2010): $500K, investors not publicly disclosed
Series B (2012): $4.5M, investors not publicly disclosed
Private Equity (2015): $1.2M featuring Intel Capital
Debt (2021): $71K backed by PPP
Series C (2021): $5.7M with participation from Pilatus Capital and Stanley Ventures
Key Investors in Prieto Battery
Stanley Ventures
Stanley Ventures is the strategic investment arm of Stanley Black and Decker, focusing on early-stage startups that are innovating technologies to redefine various industries. They provide not only capital but also access to their extensive network of industry expertise, supplier relationships, and a large customer base.
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies.
Pilatus Capital
Pilatus Capital is a private investment firm that provides growth capital and strategic support to companies operating within the technology and industrial sectors.
What's next for Prieto Battery?
With the successful closure of its latest financing round, Prieto Battery is poised to transition into a high-growth phase characterized by expanded pilot production and strategic commercial partnerships. The company's focus will likely shift toward optimizing its manufacturing processes to achieve economies of scale, a necessary step for competing in the broader electric vehicle and consumer electronics markets. By leveraging the expertise of its strategic backers, Prieto Battery is well-positioned to navigate the complexities of the energy storage supply chain, potentially setting a new standard for solid-state battery performance and reliability in the coming years.
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