CFX Battery Raises $5M As Part Of Planned $26M

CFX Battery Inc. is a company that develops high performing and environmentally friendly rechargeable batteries.  The company has raised $5 million out of a $26 million round of funding.  The news was revealed on a regulatory filing.

CFX Battery is a Pasadena, CA based company.  The $5 million round of funding is the second round for the company.  The previous round of funding was $15.18 million from CMEA Ventures, Harris & Harris Group, and U.S. Venture Partners.