Tuesday, November 14, 2006 7:00:00 AM PDT | VentureDeal Staff
PEORIA, IL -- Firefly Energy, a spin out from Caterpillar, Inc., has closed on $10 million in a new funding round. New investor Stark Investments joined existing investors Caterpillar, KB Partners, the Illinois Finance Authority and the Tri-County Venture Capital Fund. The company is developing a carbon-graphite foam lead acid battery for both military and commercial uses and will use the funds to accelerate product development and continue its sales and customer service efforts.
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