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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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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. When the automotive industry is fully electrified, there will be a nearly trillion-dollar battery industry, 25 times bigger than today.

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Li-ion battery maker Leyden Energy raises $10M in Series C financing; targeting stop-start

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a developer and manufacturer of advanced batteries, has raised $10 million in Series C financing from existing investors, including New Enterprise Associates (NEA), Lightspeed Ventures, Sigma Partners and Walden International. Leyden Energy, Inc., The company closed a $20-million Series B round in August 2011.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. Li 2 O spodumene concentrate. The US Department of Energy (DOE) is awarding a combined $2.8 Earlier post.) Of that, $1.6

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Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries

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Hercules vehicles will offer integrated solar charging, long-range batteries and optional fuel-cell range-extender options. Hercules is commencing the Series A financing to support product development and add team members; the company currently is scouting locations for production of its components, including solid-state batteries.

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24M raises $21.8M to accelerate SemiSolid battery development and deployment; round led by Kyocera and ITOCHU

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million in funding from ARPA-E in 2016 to further the development of the next generation of high-energy-density, low-cost batteries ( earlier post ), has raised a $21.8 The financing was led by advanced ceramics manufacturer Kyocera Group and leading global trading company, ITOCHU Corporation.

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Additional $47M to 7 ARPA-E SCALEUP projects; $27M to 3 advanced battery projects for EVs and electric aviation

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Three of the projects (Sila, 24M and Ionic Materials) are scaling up advanced battery technologies for EVs and aviation, and account for $27 million of the $47 million tranche. Over the last decade, the cost of lithium-ion (Li-ion) energy storage systems has fallen while energy density has improved steadily.

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