Supercapacitor

Supercapacitors for power management with batteries in small devices

  • Lower cost and smaller size with better power performance with no change in their lithium ion battery in wearables and other mobile computing products.

  • Multi $100M market potential validated by contract from major tier one smartphone manufacturer who has tested prototypes.

  • Startup Company Of The Year 2015 award from the Consumer Technology Association.

Founder : See Below
Location : Silicon Valley & New York
Target : $2,500,000
Share Type : Preferred Stock

Business Overview

Having validated a low capital intensity business model in the energy storage industry of using contact manufacturing to build scale, the company has one product in production sales now. This high energy supercapacitor is being deployed by our customers in enterprise computing and medical device backup power applications. Product revenues started in 2016 and ramping by Q4 2017. Other applications are in industrial and handheld consumer products. This first product will sustain the company’s operations as we grow the second, high-volume, multi$Bn product line, in mobile computing applications.

We relieve the major roadblock to smaller portable electronic devices – energy storage and batteries. The company was founded with the vision of creating scalable, ultrathin sheets of energy storage material based on supercapacitor technology that can help batteries perform better and can further shrink devices by taking components off the board. We have added, as strategic corporate investor in the series B, aglobal semiconductor equipment manufacturing company, who is putting resources to develop key equipment and will invest resources to take this product to the very high volume manufacturing, reducing the supply risks for large customers to design this into their products.

Transaction Overview

$2.5M has already been invested in Series B first tranche in 2016. The Series B is extended to a second tranche with existing term sheet for closing additional $2M-$2.5M. USE OF PROCEEDS = sales and marketing, working capital, equipment for scale up.

Investment Highlight

Company has an established product on the market, with growing sales that will stabilize the company, with a major multi-$B opportunity moving through manufacturing scale up.

About Management Team


  • Mr. Mehta, Founder & CEO, successful prior entrepreneur.

  • Mr. Kulkarni, VP Engineering,headed capacitor engineering R&D and managed high volume Asian factories for AVX

  • Ms. Armstrong, Dir. Applications, >25 years battery management systems and new product launch with worlds’ leading electronic companies including Maxim, TI and Sharp.

  • Mr. Leiber, Dir Sales (West Coast US), experience with Maxwell and Ioxus selling supercapacitors and electronic components.

About Our Product

With as little as $9M invested capital, the Company has brought a first product to production and started direct sales to OEMs in 2016, demonstrating its capital-efficient business model. The PowerRESPONDER (pR) high-energy hybrid supercapacitor: - is now in production with early revenues started 2016 - customers in enterprise computing and medical devicesconfirmed for ramping revenues in 2017 - positive cash flow in 2018 to support growth of second product line. Reaching positive cash flow in 2018, PBC will bring its second, ultrathin PowerWRAPPER® through manufacturing scale-up, into a multi$100M revenue opportunity.

A strong strategic partner (a global, leading MultiB$ semiconductor equipment manufacturer) has invested in PBC and is putting resources to build a specific piece of equipment to demonstrate scale manufacturability this year. The PowerWRAPPER is a revolutionary ultra-thin supercapacitor with $Bn potential in mobile electronics - is now in manufacturability scale up with all research completed - expected to start sampling customers in end 2017 and start commercial sales in late 2018 - has market validation from US-based tier 1 smartphone OEM.

About Industry

The supercapacitor industry has limited growth with multiple parties chasing the same market with similar technology and form factors. Our form factor change is a radical breakthrough opening new markets and enabling new performance and cost advantages to our customers. Our business model is very capital efficient to grow the company with minimal risk, using contract manufacturing to scale up, keeping the most proprietary component production within the company, compared to most of the industry that is highly capital intensive and risky. The supercapacitor industry is growing slowly in existing markets in transportation and utility.

Financials

Current valuation is $15.5M (Pre-money).

About Competitor

We have a form factor, fit and function that is not available in the world anywhere to our customers. Trade secrets around unique formulations and properties are difficult to reverse engineer + issued patents. For our first product on the market now, other companies devices are lower energy density and much higher cost than ours due to trade secrets in our formulation and manufacturing process. Our second generation product, PowerWRAPPER, is 2X-5X thinner than other products in the market and its architecture and application space are protected with our issued patents.

Exit Strategy

Our second product creates the exit opportunity by being attractive to major electronics companies with multiple products gaining competitive differentiation and advantage with the PowerWRAPPER thin technology. In three years, an IPO is possible with early sales to major customers for PowerWRAPPER and a profitable, growing track record with PowerRESPONDER for the company.
Risk Warnings
Disclosure: Investing in startups carries a high degree of risk. In general, financial and operating risks confronting both early and developmental-stage companies, as well as more mature expansion-stage companies are significant. Many emerging growth companies go out of businesses every year. It is difficult to know how companies will grow, if at all, or what changes may occur in the market. A loss of an investors entire investment is possible and no profit may be realized. Investors are responsible for conducting their own due diligence. * It should not be assumed that recommendations made in the future will be profitable or will equal the performance of securities in this list
With as little as $9M invested capital, the Company has brought a first product to production and started direct sales to OEMs in 2016, demonstrating its capital-efficient business model. The PowerRESPONDER (pR) high-energy hybrid supercapacitor: - is now in production with early revenues started 2016 - customers in enterprise computing and medical devicesconfirmed for ramping revenues in 2017 - positive cash flow in 2018 to support growth of second product line. Reaching positive cash flow in 2018, PBC will bring its second, ultrathin PowerWRAPPER® through manufacturing scale-up, into a multi$100M revenue opportunity.

A strong strategic partner (a global, leading MultiB$ semiconductor equipment manufacturer) has invested in PBC and is putting resources to build a specific piece of equipment to demonstrate scale manufacturability this year. The PowerWRAPPER is a revolutionary ultra-thin supercapacitor with $Bn potential in mobile electronics - is now in manufacturability scale up with all research completed - expected to start sampling customers in end 2017 and start commercial sales in late 2018 - has market validation from US-based tier 1 smartphone OEM.