By Battery Power Staff
October 25, 2024 | The battery industry continue to see major investments as the world transitions toward more sustainable power solutions. Here are October’s funding rounds for energy and battery companies, highlighting their technologies and the financial backers behind them.
$405M: Series F for Iron-Air Battery Technology
Form Energy (Somerville, Massachusetts) closed a Series F round led by T. Rowe Price. Form Energy is pioneering long-duration energy storage solutions, specifically their breakthrough iron-air battery technology, which can deliver power for up to 100 hours. This funding will help scale up their operations and support renewable energy integration.
$32M: Series C for Energy Risk Management Software
REsurety (Boston, Massachusetts) closed a Series C round led by S2G Ventures. REsurety focuses on energy risk management software that optimizes renewable energy project financial performance. The funding will enhance their platform, providing more accurate predictions for renewable energy output.
$14.5M: Series B for Sodium-Ion Battery Technology
Altris (Uppsala, Sweden) closed a Series B round led by Clarios and Maersk Growth. Altris specializes in sodium-ion battery technology, providing a cost-effective and sustainable alternative to lithium-ion batteries. The Series B funding will drive the development of their technology and manufacturing capabilities.
$13.9M: Series A for Graphene-Enhanced Lithium-Ion Batteries
Anaphite (Bristol, United Kingdom) closed a Series A round led by Maniv Mobility and World Fund. Anaphite integrates graphene into lithium-ion batteries to improve energy density and charging speed, especially for electric vehicles. The Series A funding will help scale production and refine their technology for the EV market.
$8.8M: Series A for Second-Life EV Battery Storage
Voltfang (Aachen, Germany) closed a Series A round led by FORWARD.one. Voltfang repurposes used EV batteries for stationary energy storage, supporting renewable energy adoption while promoting battery recycling. This funding will help scale their circular economy model and deploy more energy storage systems in Europe.
$3M: Series A for Catalytic Emissions Reduction
Calicat (Chatsworth, California) closed a Series A round led by Acario. Calicat is developing catalytic technologies to reduce emissions in industrial processes, including innovations in battery recycling. This funding will support their R&D and commercialization efforts.
