LiNova Energy Secures $15.8 Million in Series A Financing to Accelerate High Energy Polymer Cathode Battery Development [Yahoo! Finance]
TotalEnergies SE (TTE)
Company Research
Source: Yahoo! Finance
Catalus Capital, who were joined by Saft, a subsidiary of TotalEnergies, Chevron Technology Ventures and a syndicate of investors. LiNova will use the funds to accelerate its mission to revolutionize the energy storage landscape with its polymer cathode battery. This significant financial milestone will enable LiNova Energy to expand its research and development efforts, scale up operations, and accelerate the commercialization of its cutting-edge batteries. LiNova has developed a high-energy polymer battery technology that is designed to allow material replacement of the traditional cathode containing cobalt, nickel, and other critical materials. LiNova also announced that it has entered into a joint development agreement with Saft, pursuant to which LiNova and Saft will work together to develop the battery technology for commercialization in Saft's key markets. " We are proud to collaborate with LiNova in scaling up its technology, leveraging the extensive experience of Saft's r
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