Revision 3 (April 11, 2010, 6:24 p.m. by vielmetti)

Sakti3 is developing batteries for automotive use. Its CEO and founder is University of Michigan Materials Science and Engineering Professor Ann Marie Sastry.

In the news

ANN ARBOR, Mich.--(BUSINESS WIRE)--Sakti3, Inc., an Ann Arbor-based developer of next-generation lithium-ion batteries, announces the completion of its $7 million Series B round of financing. The capital, from new investor Beringea and previous investor Khosla Ventures, will fund the company’s expansion of its Michigan-based research, development and manufacturing capabilities.