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Liquid metal battery company Ambri raises $35M in Series C

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Ambri, developer of Liquid Metal Battery grid-scale energy storage technology, closed a $35-million Series C equity financing. The energy is stored in the liquid metals that want to react with one another but can do so only by transferring ions across the electrolyte, which results in the flow of electric current out of the battery.

Companies 210
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Liquid Metal Battery Corp secures patent rights from MIT

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Liquid Metal Battery Corporation (LMBC), a Cambridge, Massachusetts company founded in 2010 to develop new forms of electric storage batteries that work in large, grid-scale applications, has secured the rights to key patent technology from MIT. Sadoway and Bradwell, along with Dr. Luis Ortiz, are founders of LMBC.

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