Update: PowerGenix Raises $30 Million

PowerGenix Inc., a San Diego-based nickel-zinc rechargeable battery maker, has raised $30 million in Series D funding. Bessemer Venture Partners led the round, and was joined by return backers Angeleno Group, Advent International, Braemar Energy Ventures, Granite Ventures, OnPoint Technologies and Technology Partners. The company has now raised over $60 million in total VC funding. A prior report had put the round at $23.5 million, based on a regulatory filing.

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