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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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NGen Canada awarding $76M to 15 zero-emission vehicle projects

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The selected projects are: Advanced Manufacturing Process Innovations – Flex-Ion Battery Innovation Center. The Flex-Ion Battery Innovation Center, a division of Ventra Group Co., will establish a center of excellence for advanced Li-Ion battery manufacturing, in collaboration with partner eCAMION. Lead: Ventra Group Co.;

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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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Li-ion startup Cadenza Innovation raises $5+M in oversubscribed Series A; ex Boston Power team

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Cadenza Innovation , a Li-ion battery startup founded in 2012 by Dr. Christina Lampe-Onnerud, former CEO and founder of Boston Power ( earlier post ), has raised more than $5 million in growth capital. Non-expanding cells and no cascading result in space effective and low cost module designs.

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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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Anovion, with its partners, collaborators and stakeholders, will build 35,000 tons per annum of new synthetic graphite anode material capacity for lithium-ion batteries used in electric vehicles and critical energy storage applications. Li 2 O spodumene concentrate. Materials Separation & Processing (Cathode Minerals).

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DOE announces $139M in funding for 55 projects to advance innovative vehicle technologies

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Announced by Secretary Brouillette in January 2020, the Energy Storage Grand Challenge is designed to create and sustain US global leadership in energy storage technology, utilization, and exports. Area of Interest (AOI) 01a: Lithium Ion Batteries using Silicon-based Anodes-Research. Enovix Corporation. Project description.

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Haldor Topsøe acquires 18% of Na-ion battery company Faradion Ltd

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Haldor Topsøe A/S, a global market leader in catalysis and related process technologies, recently acquired 18% of the shares in sodium-ion battery technology company Faradion Ltd, based in Sheffield, UK. Other partners in the investment included Finance Yorkshire’s Seedcorn Fund and Rising Stars Growth Fund II LP.

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