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Lead-Carbon Battery Company Axion Power Completes $26M Private Placement Stock Offering

Green Car Congress

the developer of advanced lead-carbon PbC batteries ( earlier post ), recently completed a private placement of an aggregate of 45,757,572 shares of its common stock to institutional and individual investors at a price of $0.57 Axion Power International, Inc., per share for total gross proceeds of $26,081,490.

Carbon 199
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South Korean EV Company to Open Two Production and Distribution Facilities in Pennsylvania

Green Car Congress

As the demand for electric vehicles grows, the Governor said, companies and universities like CMU will be called upon to develop more efficient and economical batteries, while the nation’s electrical infrastructure will need to be upgraded to accommodate vehicles in need of a recharge.