Enevate secures $81M Series E; silicon-dominant Li-ion battery technology
Enevate, a developer of advanced silicon-dominant lithium-ion (Li-ion) battery technology featuring extreme fast charge and high energy density for electric vehicles (EVs) and other markets (earlier post), has secured an $81-million Series E funding led by Fidelity Management & Research Company. Existing investors Mission Ventures and Infinite Potential Technologies also participated in the round. With this latest funding round, Enevate has raised $191 million to date.
Enevate said that the investment would enable it to expand significantly its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate’s silicon-anode-based batteries. The funding would also enable Enevate to scale and grow. Included will be the hiring of additional personnel with an emphasis on scientists and engineers.
Fidelity Leads $81M Investment in Enevate to Accelerate Commercialization of Fast-Charging Electric Vehicle Battery Technology
Advances Silicon Anode Cell Technology for EVs Enevate, a pioneer in advanced silicon-dominant lithium-ion (Li-ion) battery technology featuring extreme fast charge and high energy density for electric vehicles (EVs) and other markets, announced that it has secured a $81M Series E funding led by Fidelity Management Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate s unique battery technology in electric vehicles. Existing investors, Mission Ventures and Infinite Potential Technologies, also participated in the round.
Enevate said that the investment would enable the company to significantly expand its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate s silicon anode-based batteries. The f
ALLIANCE The city wants to enact policies to undo the effects of systemic racism.
Council members approved a proclamation Monday that calls for quickly prosecuting any hate crimes that occur in the city and increasing efforts to address and dismantle racism. The city of Alliance is committing to working against racism, ensuring Constitutional rights, dignity, humanity and existence of every person who lives, works and visits Alliance, Ohio, the proclamation states.
The move comes less than a month after a racial slur was spray-painted on the home of an Alliance City Schools principal who is Black.
The statement condemns the vandalism, stating that Alliance will not tolerate this type of action.
KALRAY: KALRAY ANNOUNCES ITS FINANCIAL CALENDAR FOR 2021
Grenoble, France, February 1
st, 2020 - Kalray (Euronext Growth Paris: ALKAL), a pioneer in intelligent processors, today announces its financial communication agenda for 2021. Each publication will be released after Euronext Paris market closing. This calendar of publication dates is for reference only, it is subject to change if necessary.
20 April 2021 :
15 September 2021 :
ABOUT KALRAY
Kalray (Euronext Growth Paris - FR0010722819 - ALKAL) is a fabless semiconductor company, leading provider in a new generation of processors specialized in Intelligent Data Processing from Cloud to Edge. Kalray MPPA® Intelligent Processors are able to capture and analyze on the fly massive data flows, and interact in real time with the outside world. These processors are capable of running demanding AI algorithms and simultaneously a wide set of different processing and control tasks such as intensive mathematical algorithms, signal pr