Prieto Battery Raises First Tranche of $5.7M Series C Funding
– Prieto Battery, Inc. from Fort Collins, Colorado, raised $5.7m in Series C financing.
– The round was led by Pilatus Capital with participation from existing investors including Stanley Ventures.
– The new investment will be used to accelerate the company’s development of its proprietary 3D solid-state rechargeable lithium-ion battery.
Nanotech Energy Raises $64M in Series D Funding
– Nanotech Energy is a manufacturer of graphene and producer of non-flammable, graphene-based batteries.
– The company raised $64m in Series D funding.
– The round was led by Taiwanese financial services company Fubon Financial Holding Co.
– The new investment will be used to accelerate international expansion and develop a new high-volume graphene battery manufacturing facility in Reno, Nevada.
SVOLT Energy Closes RMB10.28 Billion Series B Financing
– SVOLT Energy Technology Co., Ltd. is a Beijing, China-based EV battery manufacturer.
– Company raised a total amount of RMB 10.28 billion ($US 1.58 billion) in Series B funding.
– The round was led by Bank of China Group Investment (BOCGI), Country Garden Venture Capital, Shenzhen Capital Group (SCGC), CCB Investment, IDG Capital, Sany, Xiaomi Corporation, Oceanpine Capital, CHINA RENAISSANCE among others.
– The Series B funds will be mainly used for R&D of new technologies and construction of new factories.
Swedish company Northvolt raises $2.75B to accelerate European battery production
– Swedish battery developer and manufacturer Northvolt raised $2.75bn funding.
– The round was led by Goldman Sachs and Volkswagen, and new investors including the Swedish pension funds AP1-4 and OMERS, one of Canada’s largest pension plans.
– AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di San Paolo through Fondaco Growth, Cristina Stenbeck, Daniel Ek, IMAS Foundation, EIT InnoEnergy, Norrsken VC, PCS Holding, Scania and Stena Metall Finans also participated in the raise.
– Northvolt has already scored major deals with automakers like Volkswagen and BMW.
Gridtential Raises $12M in Funding
– Gridtential Energy, a Santa Clara, Calif.-based creator of advanced AGM battery technology Silicon Joule, raised $12M in financing.
– The round was led by 1955 Capital with participation from Silicon Valley Bank, August Capital cofounder David Marquardt, ReneSola CEO Yumin Liu and existing investors East Penn Manufacturing, Crown Battery and the Roda Group joining as well.
– The company, which has raised $28M to date, intends to use the funds to support a new production line of advanced lead reference batteries, including the single-block 24V deep-cycle lead battery.
SES Closes $139M Series D Funding
– SES Closes $139M Series D Funding
– The round was led by General Motors with participation from existing investors SK Inc., Temasek, Applied Ventures LLC, Shanghai Auto and Vertex.
– The company intends to use the funds to accelerate technology development, expand its technical, business and manufacturing teams, and expedite the commercialization of Li-Metal batteries.
Vanadium ion battery startup Standard Energy raises $8.9M Series C from SoftBank Ventures Asia
– Standard Energy, a vanadium ion battery developer, raised $8.9m in Series C funding.
– The round was led by SoftBank Ventures Asia and joined by other investors.
– The company plans to use the funding to expand its sales and marketing efforts.
betteries Raises €2.1M in Seed Funding
– betteries, a Berlin, Germany-based profit for impact startup, closed its €2.1m seed funding.
– The round was led by impact funds Factor[e] Ventures and Beyond Black with participation from Munich-based family office ISAR AG, an undisclosed French family office as well as existing shareholders.
– The company intends to use the funds to refine its business model, serve more customers in developed economies and frontier markets, get its first two products – the betterPack and the betterGen – launched into the market in 2021 and kick-start the development of the betterStore.
Nyobolt Raises $10M in Series A Funding
– Nyobolt Raises $10m in Series A Funding
– The round was led by IQ Capital with participation from Cambridge Enterprise and Silicon Valley investors.
– The company intends to use the funds to expand globally, building new facilities, and growing the engineering and operational teams.
Fidelity Leads $81M Investment in Enevate to Accelerate Commercialization of Fast-Charging Electric Vehicle Battery Technology
– Enevate announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate’s unique battery technology in electric vehicles.
– Existing investors, Mission Ventures and Infinite Potential Technologies, also participated in the round.
– The funding will enable Enevate to significantly expand its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate’s silicon anode-based batteries.
– The funding would also enable Enevate to scale and grow. Included will be the hiring of additional personnel with an emphasis on scientists and engineers.
– With this latest funding round, Enevate has raised $191 million to date.
