Paper Battery Company

Entry market-cloud computing/servers, started sales with first product line in 2017. 2nd product - improves peak performance and lowers cost in mobile, IoT.

  • 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 2018 launch; in wearables, smartphones, tablets, laptops, and others.

- Revenues started in 2016 with key customer in enterprise servers with growth to over $6M in 2018
- 4 patents issued, >10 applications


  • 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

  • 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.

  • 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.

  • 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.


  • Cooley Godward Kronish
    Wojeski & Co

Previous Investors

  • Seed Capital fund of CNY
    Eastern NY Angels
    Caerus ventures
  • ex-CTO of Maxim, Ex-VP Sales of RIM, Founder of Trinet HR, Founder of Cavium Networks, other significant individuals...

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