South 8 Technologies raises $11mn to scale up LiGas battery production for defence
California-based battery manufacturer South 8 Technologies has secured $11mn to boost production of its LiGas cells, targeting military and space applications under extreme conditions.
| Sector | Stockage énergie, Batteries |
|---|---|
| Theme | Investissements & Transactions, Développement de projets, Financement |
South 8 Technologies announced it has raised $11mn in a new funding round to accelerate production of its LiGas batteries, a storage technology developed to operate in temperatures ranging from –60 °C to +60 °C. The round was co-led by Lockheed Martin Ventures and the venture capital arm of W. L. Gore & Associates, with participation from existing investors across the aerospace and automotive sectors.
Comments
Sign in to leave a comment.