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AM Batteries (AMB) secures $25M Series A to scale manufacturing of novel lithium-ion dry-electrode technology

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AM Batteries (AMB), a developer of lithium-ion dry-electrode technology, closed its Series A financing. AMB’s solvent-free, dry-electrode manufacturing technology allows for the coating of lithium-ion battery electrodes without the need for any harmful solvents or energy-intensive evaporation.

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Daimler takes minority stake in Sila Nanotechnologies; next-generation lithium-ion battery materials

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Founded in 2011, Sila Nano is a developer of new battery materials which outperform existing lithium-ion technologies. The investment forms part of Sila Nano’s $170-million Series E financing, which was led by Daimler. Along with the acquisition of the equity stake Daimler will get a seat in the Board of Directors of Sila Nano.

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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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Group14 closes $18M in financing to scale-up silicon-carbon composite anode material

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Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners. Group14 Technologies manufactures novel lithium-ion battery materials that boost battery performance. —Bob Lutz, Group14 Board Member.

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South 8 Technologies raises $12M in Series A to commercialize liquefied gas electrolytes for high-performance Lithium-ion batteries

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South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).

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DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities

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billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The US Department of Energy (DOE), through its Loan Programs Office (LPO), announced the closing of a $2.5-billion

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Li-ion battery recycling and manufacturing startup Battery Resourcers completes $20M Series B

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The financing will support the development of a commercial-scale processing facility with the annual capacity to process 10,000 tons of batteries—the batteries from approximately 20,000 electric vehicles (EVs) a year. Yan Wang at Worcester Polytechnic Institute.

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