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Manufacturing Investor Charges up Battery Company
Manufacturing Investor Charges up Battery Company
Investor Charges up Battery Company
Connecticut-based investor Wexford Capital has raised $35 million for International Battery, a U.S.-based rechargeable lithium-ion cell developer.
The company will scale up its manufacturing plant in Allentown Pa. and support its engineering and sales efforts with the financing. Wexford division Digital Power Capital is a private equity firm that invests specifically in new electrical power and power conversion technologies.
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Mickey Mouse popped out of my mind onto a drawing pad 20 years ago on a train ride from Manhattan to Hollywood at a time when business fortunes of my brother Roy and myself were at lowest ebb and disaster seemed right around the corner.
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