e-Zinc, a Toronto, Canada-based company enabling energy storage with its zinc-air battery, raised USD 31M in Series A2 funding.
The round was led by Evok Innovations, with participation from Mitsubishi Heavy Industries, Export Development Canada (EDC), Ultratech Capital Partners, Toyota Ventures, Eni Next, Anzu Partners, BDC, and Graphite Ventures.
The company intends to use the funds to complete its pilot manufacturing facility and begin deploying commercial pilot projects of its long-duration energy storage system.
Led by CEO James Larsen, e-Zinc is a purpose-driven energy storage solutions company. Its zinc-based long-duration energy storage technology is enabling a reliable transition away from fossil fuel empowered energy sources and providing the platform for energy markets to be empowered by renewable energy. By utilizing zinc as the base metal in its technology, the company delivers a product that holds energy for multiple days, and can safely and reliably perform in the world’s harshest environments.
Commenting on the news, James Larsen said: “Following the upcoming pilot demonstrations and the validation of our manufacturing processes, we will have proven the advantages of our innovative energy storage solution and the infrastructure needed to bring our proprietary technology to market at commercial scale.”
e-Zinc also recently expanded its team with the addition of Rhonda Landers, Chief Financial Officer; Zakiul (Zaki) Kabir, Chief Technology Officer; Rob Howard, Chief Operating Officer; and Balakrishnan (Balki) Iyer, Chief Commercial Officer.
FinSMEs
27/06/2024