TeraWatt Technology Secures Funding to Boost Production Capacity
TeraWatt Technology Closes Series C Funding Successfully
TeraWatt Technology Inc. is excited to announce the successful completion of the first close of its Series C funding round, marking a significant milestone for the company. The funding round saw participation from existing investors such as Khosla Ventures, Temasek, and JIC Venture Growth Investments, along with notable new contributions from Japan Bank for International Cooperation (JBIC), GX Acceleration Agency, and G. K. Goh Ventures.
Enhancing Production Capacity
This financial boost is intended to support TeraWatt's future endeavors by enabling further investments into its initial mass production facility. This phase is expected to enhance production capacity significantly, thus reinforcing TeraWatt's operations in mass production.
Investment Significance and Market Entry
Ph.D. Ken Ogata, Co-founder and CEO of TeraWatt Technology, elaborates on the importance of this funding: "This funding accelerates our market entry, enabling rapid scale-up of production and swift deployment of TeraWatt's next-generation batteries. We express our profound gratitude for the unwavering support from our current investors and are honored to welcome new leading Japanese investors whose expertise will be crucial in shaping our path forward."
Major Backers in Series C Round
Key investors in this funding round, listed in alphabetical order, include:
- G. K. Goh Ventures
- GX Acceleration Agency
- Japan Bank for International Cooperation (JBIC)
- JIC Venture Growth Investments
- Khosla Ventures
- Temasek
About TeraWatt Technology Inc.
TeraWatt Technology Inc. operates from California, specializing in the production of lightweight, high-power lithium-ion batteries that prioritize safety and performance. Established in December 2019, the company has rapidly made its mark in the competitive battery technology space.
Company Overview
Headquarters Name: TeraWatt Technology Inc.
Representative: Co-founder and CEO Ken Ogata
Headquarters Location: 28 Geary St, Suite 650, San Francisco, CA 94108, United States
Founded: January 2020
Established: December 2019
Frequently Asked Questions
What is the focus of TeraWatt Technology?
TeraWatt Technology focuses on developing next-generation lithium-ion batteries that are lightweight, powerful, and safe.
Who are the main investors in the Series C funding?
The main investors include Khosla Ventures, Temasek, JIC Venture Growth Investments, JBIC, GX Acceleration Agency, and G. K. Goh Ventures.
How will the funding impact production?
The funding will allow TeraWatt to enhance its production capacity and accelerate the rollout of its next-generation batteries to the market.
When was TeraWatt Technology established?
TeraWatt Technology was established in December 2019 and has quickly progressed in the battery technology industry.
Who is the CEO of TeraWatt Technology?
The CEO of TeraWatt Technology is Ken Ogata, who is also one of the co-founders of the company.
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