Valerion, an Ann Arbor, MI-based battery technology company, received funding from Hest investments.
The amount of the deal was not disclosed.
The company intends to use the funds to conduct further testing and development of its electric vehicles (EVs) and all battery-operated technology.
Led by CEO Jim Graham, Valerion is a battery technology company dedicated to transforming the battery industry with innovations that make batteries more efficient and cost-effective. Valerion levergaes Aramid nanofibers which are 1/10,000th the width of KEVLAR macrofibers, unlocking nanoscale properties, including performance as a battery separator material. The intrinsic toughness and tunability of Aramid nanofibers, combined with scalable fabrication methods, sets a new standard in battery separator performance. The Aramid Nanofiber Voltaic Ion-conducting Layer (ANVIL) technology aims to enable lithium sulfur (LiS) chemistry at scale. Potential applications include affordable next generation mobility such as EVs to air taxis, whose success depends on high performance, cost effective batteries.
Commenting on the news, Jim Graham said: “This investment comes at a critical time as we advance our technology towards commercialization. HEST Investments not only provides the capital we need to push our development forward but also offers a partnership grounded in a shared vision for sustainable and impactful innovation.”
FinSMEs
01/10/2024