The GreenTechMedia website has reported that Imara, the Li-ion battery start-up company located in Menlo Park, California, has ceased operations.
The report can be found here:
GreenTechMedia reports the demise of Imara
Imara's company website can be found here:
Recent reports have suggested that the company has experienced a delay in ramping up operations and could not line up investors to build a factory. Imara had started to make prototype and sample quantities of batteries in its Menlo Park, Calif. facility.
Imara employed 38 scientists and engineers. It will try to sell its assets and intellectual property but right now the company is shut down.
GreenTechMedia speculates that the demise of Imara could portend bad news for other green startups. The battery business is generally dominated by large, Asian manufacturers and many of the grants from the Department of Energy did go to joint ventures partly owned by foreign companies. Two joint ventures with South Korean partners – Dow Kokam and Compact Power – received $312.4 million earlier this year from the DOE. Only a few U.S.-based lithium-ion battery makers such as A123 Systems and EnerDel have received stimulus funds.
Jerry
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