FinTechFunding

Ateios: Raises $1.25M in Seed Funding

  • Ateios, a Newberry, Ind.-based maker of paper-thin customizable battery, raised $1.25M in seed funding
  • The round was led by Good Growth Capital
  • The company intends to use the funds to meet customer demand and take their technology to scale
  • Founded by Rajan Kumar, PhD, CEO, and fellow graduate student Carlos Munoz, Ateios has developed a flexible, paper-thin customizable battery
  • Ateios relocated earlier this year to the Battery Innovation Center located outside of Bloomington, Indiana
  • The funding round follows the receipt of Phase I SBIR funding from the National Science Foundation and graduation from The Heritage Group Accelerator powered by Techstars
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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