e-Zinc, a Toronto, Canada based company enabling sustainable, long-duration energy storage with its zinc-air battery, raised USD $25m in Series A financing.
The round was led by Anzu Partners, with participation from BDC Capital, Toyota Ventures, and Eni Next and existing investors Energy Foundry.
The company intends to use the funds to commence the pilot production of its first commercial energy storage systems for field deployment.
Led by James Larsen, CEO, e-Zinc is a zinc-air battery company whose energy storage system can operate in cold and hot climates, is made of abundant and recyclable materials, and can be up to 80 percent less expensive than comparable lithium-ion systems for long-duration applications.
The battery can also be paired with renewable energy generation to replace the need for fossil fuels in remote or off-grid applications. For example, e-Zinc is partnering with the California Energy Commission to show how e-Zinc’s battery can power businesses through multi-day outages caused by natural disasters such as wildfires, earthquakes, or floods.
FinSMEs
07/04/2022