Lilliputian readies fuel-cell gadget charger
Date: 04/03/2009
Company: Lilliputian Systems
Source: CNet News
Lilliputian Systems, a company developing butane-fueled energy storage for consumer electronics, said on Thursday that it has raised $28 million in additional funding.
The company, which was spun out of the Massachusetts Institute of Technology, also announced that Analog Devices’ co-founder Ray Stata has joined its board and that it named Michael Umana chief financial officer.
Since its founding seven years ago, Lilluptian Systems has been quiet about its product development but has revealed a few more details in the past few weeks. Its financial backers, which include Kleiner Perkins Caufield & Byers, Atlas Ventures, and Rockport Capital, have put at least $88 million into the company.
The technology behind the company is a solid oxide fuel cell and a method for manufacturing chips embedded in its storage units.
The business plan is to make fuel cells and butane cartridges for running consumer electronics, like iPods, mobile phones, and laptops. The company claims that its system will able to pack five to ten times more energy than similarly sized batteries and be much lighter.
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