Graphene Energy Inc., an Austin based startup pursuing ultracapacitor technology, today has raised US$0.5 million seed investment from Quercus Trust and 21Ventures.
The company also concluded licensing terms for graphene-based ultracapacitor technology from The University of Texas at Austin and The College of William and Mary in Williamsburg, Virginia. The company is now in the process of qualifying graphene-based ultracapacitor electrodes, graphene production processes, and performance for a variety of associated components.
“Graphene has superior electrical conductivity and surface area and these attributes suggest it could work exceptionally well in electrochemical double layer capacitance applications, also referred to as ‘supercapacitor’ or ‘ultracapacitor’ technology," said Professor Rod Ruoff at The University of Texas at Austin. "The structure of graphene is fundamentally different than activated carbon, which is typically used in supercapacitors now.”
“Graphene Energy Inc., with an exciting technology for addressing energy storage needs, particularly for high power density requirements and enabling new applications of energy storage, is an exciting addition to our portfolio,” said David Anthony, managing partner for 21Ventures.
Graphene Energy Inc. is a Delaware registered corporation, established in Dec. 2008 and is located in Austin.
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