Oneonta, New York -- Electronics technology company Ioxus has secured $400,000 in a new round of venture capital equity investment, according to an SEC filing.
Ioxus develops a range of ultracapacitors and other products that are optimized for higher power density and energy density.
The company's products are used in applications such as UPS, wind turbines, automotive and industrial.
Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
A total of two investors provided the financing.
Ioxus is still seeking $14.6 million in additional equity venture capital investment, according to the filing.