What is Ultralife?
Founded in 1991 and headquartered in Newark, New York, Ultralife Corporation specializes in the development, manufacturing, and marketing of advanced battery solutions. Their product portfolio includes standard and customized lithium primary, polymer rechargeable, and SMART batteries. Additionally, the company provides comprehensive communications systems, accessories, and supplies. Ultralife serves critical sectors such as government & defense, medical, safety & security, energy, and industrial markets, positioning itself as a key provider of power and communication technologies.
How much funding has Ultralife raised?
Ultralife has raised a total of $50M across 1 funding round:
Unspecified
$50M
Unspecified (2024): $50M with participation from Key Bank, Community Bank, and M&T Bank
Key Investors in Ultralife
Key Bank
KeyBank provides a wide range of personal banking services, including checking and savings accounts, credit cards, and loans, alongside investment products and financial wellness tools.
Community Bank
Community Bank, based in DeWitt, New York, operates as a full-service financial institution offering comprehensive consumer, business, and financial services.
M&T Bank
M&T Bank, established in 1856, functions as a holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association, offering trust and wealth management services.
What's next for Ultralife?
The recent major strategic investment signals a period of accelerated growth and potential expansion for Ultralife. This capital infusion is likely to fuel further innovation in battery technology and communications systems, enabling the company to strengthen its market position in the government & defense and industrial sectors. Ultralife's focus on customized solutions suggests a strategy geared towards addressing specific, high-demand applications, potentially leading to new partnerships and increased market penetration.
See full Ultralife company page
