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πŸ”‹πŸš™ E-magy has raised €20.5 million for the production of EV battery materials

πŸ“… Date:

πŸ”– Topics: Funding Event

🏒 Organizations: E-magy

Dutch firm E-magy has raised €20.5 million in fresh funds to get cracking on industrial scale production of a silicon material for EV batteries, one that the company claims can increase the storage capacity of lithium-ion batteries, compared to today’s industry standards. The funding round features Hydro, Invest-NL and Rubio who join existing impact investors SHIFT Invest and PDENH.

Read more at Tech EU