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MagREEsource secures €5M in financing; opening first pilot magnet recycling facility in Grenoble

Green Car Congress

MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.

Financing 243
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Hysata closes $42.5M AUD Series A to commercialize capillary-fed electrolysis

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Australia-based Hysata, which is commercializing capillary-fed electrolysis technology developed at the University of Wollongong ( earlier post ) has closed its oversubscribed Series A funding round of $42.5 Funding from the Series A round will be used to grow the Hysata team and develop a pilot manufacturing facility. Hoang, A.L.,

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Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets

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Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. Earlier post.). Today, these magnets rely on rare earth elements. Today, these magnets rely on rare earth elements.

Grant 345
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DiviGas closes $3.6M seed round to support commercialization of next-gen membrane for H2 separation

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million seed round to support the commercialization of a new next-generation polymeric hydrogen separation membrane. Hydrogen production is also a major emitter of CO 2 , generating approximately 1000 million tons or more than 2% of global O 2 emissions. and many other production facilities. Start-up DiviGas has announced a $3.6-million

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Mullen secures $150 million financing deal, production Bollinger is a go

Electrek

Commercial EV manufacturer Mullen has scored a $150 million capital infusion that will allow it to expand its domestic and international sales efforts – and put Bollinger’s beefy electric trucks into series production.

Financing 138
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Sylvatex developing new lower-cost CAM manufacturing process for Li-ion batteries

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Advanced materials technology company Sylvatex (SVX) announced a new proprietary waterless production method that delivers premium EV-grade cathode active materials (CAM) at lower costs and that allows for a broader material input supply base to enable demand growth. SVX recently closed a Series A funding of $8.4

Li-ion 259
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Jing-Jin Electric and Allison Transmission partner to accelerate development of commercial vehicle electrified powertrain solutions for global markets

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Allison brings more than 100 years of experience in building reliable and valued propulsion solutions, including two decades of electrified propulsion systems development and commercialization. Together, the companies will further define product portfolio scope, manufacturing locations and supporting resources to be provided by each party.