Mark LaPedus
EE TIMES
SAN JOSE, CA
July 19, 2005

Solicore Inc., a developer of flexible lithium polymer batteries, said it has closed the first phase of its Series C financing round of $12.7 million.

Solicore (Lakeland, Fla.) has raised a total of $40 million to date. The new financing was led by investor Rho Ventures. Existing investors Draper Fisher Jurvetson, Braemar Energy Ventures, Firelake Capital, OPG Ventures, Air Products & Chemical Inc. and several private investors also participated in the financing round.

Ben Terk, a partner with Rho Ventures, has joined Solicore's board. Proceeds will be used to expand manufacturing capacity and R&D.