CleanTechnica•17 days ago
Nickel-Zinc Battery Company Raises $30 Million
Key Takeaway
Significant funding for ZincFive underscores the growing market validation and commercial expansion of Nickel-Zinc batteries as a viable, safe, and high-performance alternative to lithium-ion for critical power applications.
AI Summary
- •ZincFive secured $30 million in an oversubscribed Series F funding round, bringing its total funding to $254 million, demonstrating strong investor confidence in Nickel-Zinc (NiZn) battery technology.
- •The capital infusion is earmarked for rapid scaling of ZincFive's commercial footprint, indicating increased market availability and deployment of their NiZn battery solutions.
- •For developers and large power consumers, this signifies the maturing and expanding presence of a non-lithium battery alternative, particularly relevant for applications demanding high power density, fast response, and enhanced safety, such as critical infrastructure and data centers.
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Article Content
ZincFive has closed an oversubscribed Series F funding round this month, raising $30 million. That brings its total funding raised to $254 million since the company was founded nearly a decade ago in 2016. The aim of the funding is to help with rapid scaling of its commercial footprint and ... [continued] The post Nickel-Zinc Battery Company Raises $30 Million appeared first on CleanTechnica .