Ionblox (previously known as Zenlabs Energy, earlier post), a high-performance lithium-ion cell company, closed a $24-million Series B investment round with Lilium, developer of an all-electric vertical take-off and landing (eVTOL) jet (earlier post); Applied Ventures, LLC; Catalus Capital, a multi-strategy private equity firm; and a global investment company. Ionblox.
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. The company expects that its simpler and more sustainable approach to CAM.
In order to jump-start the energy transition and support the growing electric vehicle (EV) market, global lithium-ion battery capacity is expected to rise up to ten-fold over the next ten years.
Startup Funding: September 2021 semiengineering.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from semiengineering.com Daily Mail and Mail on Sunday newspapers.
6K raises $51 million to accelerate battery material development - Plant ca plant.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plant.ca Daily Mail and Mail on Sunday newspapers.