Solicore, which manufactures flexible batteries for use in applications such as smart credit cards, announced a $15M Series C led by Rho Ventures. $12.7M has already been raised in the round, which is expected to close soon.
With $40M raised to date, investors such as Rho and DFJ, Braemar, Firelake Capital, OPG Ventures, Air Products & Chemicals and others are making a big early bet on the company, which could be poised for strong growth if smart cards, RFID and similar applications see rapid adoption.
