UNIGRID Battery raised $12 Million in a Series A funding led by Transition VC and Ritz Venture Capital to accelerate and scale-up battery production.

Jun 13, 2024•about 1 year ago

Amount Raised

$12 Million

Round Type

series a

San DiegoBatteryEnergy StorageRenewable EnergyEnergyManufacturing

Investors

Foothill VenturesUnion Square VenturesRitz Venture CapitalTransition Vc

Description

UNIGRID Battery, a San Diego-based startup developing advanced sodium-ion batteries, announced a successful close of an oversubscribed $12 Million Series A funding round. The investment will accelerate and scale-up UNIGRID's battery production to fulfill MWh-scale customer orders in the electric mobility and stationary storage markets.

Company Information

Company

UNIGRID Battery

Location

San Diego, California, United States

About

UNIGRID Battery is a San Diego-based startup founded in 2021, specializing in advanced sodium-ion batteries for energy storage and electric mobility applications. The company develops technology that surpasses industry standards in energy density and safety metrics, with a focus on drop-in compatibility with conventional Li-ion battery manufacturing infrastructure.

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