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Sicona Raises $3.7M To Scale Battery Materials Technology Globally
08/12/21, 1:52 AM
Location
sydney
Money raised
$3.7 million
Industry
energy
manufacturing
sustainability
Round Type
seed
Sicona Battery Technologies Pty Ltd ("Sicona"), a groundbreaking battery materials technology company, has successfully raised AU$3.7 million in a pre-Series A funding round.
Company Info
Location
sydney, new south wales, australia
Additional Info
Sicona develops next-generation battery materials technology used in the anodes (negative electrodes) of lithium-ion ("Li-ion") batteries that enable electric-mobility and storage of renewable energy. Sicona is commercialising an innovative silicon-composite battery anode technology, developed and perfected over the last ten years at the Australian Institute for Innovative Materials (AIIM). Sicona's current generation silicon-composite anode technology delivers 50% to 100% higher capacity than conventional graphite anodes and its anode materials can deliver more than 50% higher cell energy density than current Li-ion batteries.
In addition, Sicona has developed a water-based binder that has a 3D network structure, improved electro-conductivity, and self-healing properties that significantly increases the cycle of next generation anodes.
Sicona uses off the shelf equipment in a highly scalable and efficient manufacturing process to produce its active anode materials and polymer binder.
Sicona intends to produce and sell high performance active anode and binder materials into the fast-growing global battery market through a focused partnership approach with established and reputable supply chain partner companies.
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