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Samsung Ventures invests in lithium polymer startup

Thu, 12/11/2014 - 12:05 -- Editor
Samsung Ventures invests in lithium polymer startup

Seeo, a California-based maker of lithium polymer batteries, has closed a $17m funding round led by Samsung Ventures, the investment arm of Samsung Group.

Seeo’s rechargeable lithium batteries are built using a proprietary non-flammable polymer electrolyte it calls ‘DryLyte’, which it claims is safer than traditional lithium-ion batteries. The company says that its batteries are smaller, but capable of maintaining the same performance regardless of outside conditions like temperature.

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