Srinivas Nimmagadda Appointed CEO of eSionic

Executive takes on additional responsibilities effective July 1, 2012

Jun 13, 2012, 08:00 ET from eSionic Holdings LLC

MENLO PARK, Calif., June 13, 2012 /PRNewswire/ -- eSionic Holdings LLC, a company focused on energy storage, today announced that its board of directors has appointed Srinivas Nimmagadda as President and Chief Executive Officer. Subodh Toprani who was the CEO has taken the role of Executive Chairman.

Srinivas has close to two decades of startup experience. During that period he has helped turn ideas into businesses in diverse fields. Most recently he served as President and Chief Operating Officer of eSionic. Srinivas established company operations, recruited the core team, and developed traction with lead customers. Previously, Srinivas was VP of Business Development at ZettaCore, where he was instrumental in the founding and development of the molecular interface business, which led to a successful acquisition.

"I have worked with Srinivas since 2004. He brings a strong track record to the leadership at eSionic, which has tremendous potential to address the hard problems in energy storage. We are excited about his appointment as CEO," said Steve Jurvetson, Managing Director at Draper Fisher Jurvetson, and a member of the Board of Directors of eSionic.

"We have assembled a strong team to deliver solutions that meet our customers' pressing needs. I look forward to continue working with the Board and eSionic team to bring these products to market," said Nimmagadda.

About eSionic
Based in Menlo Park, CA, eSionic is a developer of energy storage solutions. Investors in eSionic include Draper Fisher Jurvetson, Kleiner Perkins Caufield & Byers, Oxford Bioscience Partners, and Panasonic.

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SOURCE eSionic Holdings LLC