Default company panoramic image
Pbc logo poweredbycaps

Paper Battery Company

Entry market in cloud computing/ servers, revenues of >$3M in 2017. Better peak performance with lower cost in mobile, IoT. Shipping first product now.

  • Stage Full Product Ready
  • Industry Clean Technology
  • Location Troy, NY, USA
  • Currency USD
  • Founded August 2008
  • Employees 14
  • Incorporation Type C-corp
  • Website

Company Summary

- Two product lines of next generation supercapacitors
- First one is UL certified; in production with paying customers in enterprise servers, medical, industrial and consumer electronics.
- 2nd product in manufacturing pilot line for 2017 launch; in wearables, smartphones, tablets, laptops, and others.

- Revenues started in 2016 with key customer in enterprise servers with growth to over $20M in 2018
- 3 patents issued, >10 applications


  • Default avatar
    Shreefal Mehta
    CEO and President

    Experienced entrepreneur, with international R&D operations management and business development experience. His previous company was a drug discovery venture merged with an Australian biotech, recently ended with a cash sale to Gilead for $0.5B; Successful market planning for launch of a multimillion dollar analytical product in the petrochemical industry. Author, Awardee of successful businessperson award - 'Top 40 in Capital Region NY

  • Default avatar
    Sudhir Kulkarni
    VP Engineering

    Dr. Kulkarni is an experienced engineering leader with proven track record in materials, process development and quality manufacturing systems, and has brought many successful products from concept to commercialization. He has been with industry-leading companies like Asia Brown Boveri and AVX Corporation. Through his long tenure at AVX, from R&D to product development to business manager, he developed many new materials, devices, and processes.

  • Default avatar
    Gene Armstrong
    Dir of Applications

    >30 years of experience in executive management, product development and product design at some of the world’s leading semiconductor companies including MAXIM, TI, Benchmarq and Sharp. At MAXIM Integrated Products he had P&L responsibility for three product lines with cumulative annual revenue of $122M. He has won awards for product development in the fields of battery management, consumer, and industrial instrumentation.

  • Dcab2d60 22b6 4ca8 ab12 40f550221120
    Director of Sales

    Mike Leiber has over 25 years in sales/sales management and business development in the electronics components industry, selling into both the Americas and Asian Markets. He has established channel partnerships across all geographies for automotive, consumer electronics, industrial, military, medical, transportation and UPS applications.


  • Default avatar
    Cooley Godward Kronish
    Default avatar
    Wojeski & Co

Previous Investors

  • Default avatar
    Seed Capital fund of CNY
    Default avatar
    Eastern NY Angels
    Default avatar
    ex-VP of Sales for RIM, previous CEO of BiogenIdec, other significant individual investors
  • F6393f7f f656 4e2a a02c e296592008da
    Default avatar
    Caerus ventures