BrightVolt: Redmond-based battery maker raises $16M, eyes new R&D facility

Redmond-based battery maker BrightVolt on Wednesday announced it raised $16 million in a Series B round. A BrightVolt spokesperson said the company has over 15 employees right now but plans to grow to over 25 in a year. The company is also looking to add a new research, development and manufacturing facility and is "discussing with various states for support," according to the spokesperson. New Science Ventures and Caterpillar Venture Capital Inc. both invested in the funding round. "Caterpillar...