Natron Energy Raises $35 Million in Series D Financing to Expand Sodium-Ion Battery Commercialization

Jul 08, 2020•about 5 years ago

Amount Raised

$35 Million

Round Type

series d

Santa Clara

Description

Natron Energy, the world’s leading developer and supplier of high-power, long-life and low-cost Sodium-ion batteries using Prussian Blue chemistry, announced today that it has raised $35 million in Series D funding to further its product operations to meet market demand. ABB Technology Ventures, NanoDimension Capital and Volta Energy Technologies co-led the round, with existing investors Chevron, Khosla Ventures and Prelude continuing their participation in funding.

Company Information

Company

Natron Energy

Location

Santa Clara, California, United States

About

Natron Energy’s mission is to transform industrial and grid energy storage markets by providing customers with lower cost, longer lasting, more efficient, safer batteries. Natron’s battery products are based on a unique Prussian blue chemistry and can integrate into a wide variety of energy storage applications ranging from critical backup power systems to EV fast charging and behind-the-meter applications. Natron’s batteries are UL 1973 recognized, offer higher power density, faster recharge and significantly longer cycle life than other energy storage technologies. Natron builds its batteries using commodity materials on existing cell manufacturing lines. To learn more, visit www.natron.energy.

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Based on industry data

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