If the conventional wisdom about technology is correct and future change is more likely to be found through incremental improvements instead of great leaps forward, then Inmatech might have the next step forward in battery technology.
The Ann Arbor-based startup's technology takes advanced, customized supercapacitors and inserts them in batteries for electronics. The supercapacitors enable the batteries to improve the delivery of energy and up energy density.
"That way the battery is just handling the energy storage," says Saemin Choi, CTO of
Inmatech.
The startup and its team of four people, which calls the University of Michigan's Venture Accelerator home, is currently in the prototype phase and looking to sell its first units in 2015 or 2016. Inmatech also won the
DTE Energy Alternative Energy prize (worth $25,000 in seed capital cash) at this fall’s
Accelerate Michigan Innovation Competition. The money will go towards the startup’s efforts to close on a seven-figure seed capital round in the coming months.
"We have raised close to $1 million," Choi says. "We need to raise $1.5 million in 2014."
Source: Saemin Choi, CTO of Inmatech
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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