Carbonics, whose technology improves battery life and makes devices more efficient, has launched after raising $5.5 million in funding.

The money will go toward developing carbon products that can lower power consumption and boost performance of wireless products such as smartphones and wearables. The Marina del Rey company relies on UCLA and USC research to create carbon-based radio frequency components for mobile devices.

“Carbonics’ technology will allow smartphones to be charged once a week instead of once a day, and these same devices won’t heat up in your hand,” said Chief Executive Kos Galatsis in a statement.

The funding was provided by Taqnia International, a Saudi Arabian government-owned investment firm tasked with identifying tech companies that could help the country’s economic development. Taqnia has minority stakes in several other U.S. companies.

Staff reporter Melissah Yang can be reached at [email protected]. Follow her on Twitter @MelissahYang for the latest in L.A. tech news.