October 14, 2011 // Franchising.com // Los Angeles, CA. - Contour Energy Systems, Inc., an innovative portable power company commercializing next-generation battery systems, announces successfully closing Series C financing totaling more than $20 million. The investors include SBI Jefferies Asia Fund L.P. and previous investors EDBI (EDB Investments Pte Ltd.), CMEA Capital, Harris & Harris, Schlumberger, and U.S. Venture Partners.
Contour Energy will apply this latest round of funding to expanding its breakthrough research and development efforts, production capacity expansion, and funding working capital growth.
Nixon Peabody LLP served as Contour Energy’s legal counsel. The core deal team included Rick Jones, Matt Grazier, and Susannah Keagle.