Lilliputian Systems Closes on $40 Million US Equity Financing from Russian Investment Fund
TechConnect Innovation Tracking: Lilliputian Systems, a TechConnect Accelerator participant-Boston MA, 2011
This latest injection of capital will enable Lilliputian to scale up manufacturing operations and launch its first product, the USB Mobile Power System (MPS). The MPS is touted by the company as “a revolutionary portable system for powering and charging virtually all mobile phones and countless other consumer electronic devices.” As part of this funding agreement, Lilliputian will open a branch in Moscow, which will include a business development office, R&D and manufacturing facilities. The MPS system is powered by Lilliputian’s innovative Silicon Power Cell™ technology, which incorporates several key elements of SOFC, MEMS and nanotechnology. The product has already been approved for air travel.
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