American Battery Factory
Assembly Line
🔋 American Battery Factory Raises Development Capital in Series A Funding Round to Support Continued Growth
American Battery Factory Inc. (ABF), an emerging battery manufacturer leading the development of the first network of lithium iron phosphate (LFP) battery cell gigafactories in the United States, today announced that it has raised significant development capital in Series A funding from investors, including a significant investment from Lion Energy. Results of the funding round mark a milestone to secure production equipment and security technology needed for the first development phase of its recently announced gigafactory in Tucson, Arizona.