South 8, a San Diego, CA-based lithium-ion battery provider, received an investment from Porsche Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and development efforts.
Red by CEO Tom Stepien, South 8 is driving e-mobility sector with lithium-ion battery innovations. The company provides LiGas®, a liquefied gas electrolyte that improves the energy performance of lithium-ion batteries for next-generation EVs and other industrial applications. It is backed by Anzu Partners, LG, Lockheed Martin, Shell, Porsche, Taiyo Nippon Sanso and Foothill Ventures.
FinSMEs
21/05/2024