CarbonX, a Delft, The Netherlands-based battery anode materials company, raised additional €4M in Growth funding.
The round was led by Energy Transition Fund Rotterdam managed by InnovationQuarter and existing shareholders Innovation Industries, and Borski Fund.
The company intends to use the funds to execute first offtake agreements and further locking in local production capacity via contract manufacturing.
Founded in 2014 as a spin-off from Delft University of Technology by Rutger Van Raalten and Daniela Sordi, CarbonX offers a locally produced carbon anode material that delivers fast-charge and enhanced battery lifetime at the face value of reduced carbon footprint. The company utilizes emulsion feedstock technology to produce a new carbon anode material equivalent to graphite. One of the key benefits of using this feedstock technology is that the entire production process consumes much lower energy compared to synthetic or natural graphite production, resulting in lower cost and a reduced carbon footprint.
The company’s carbon anode material is currently undergoing late-stage qualifications with several top 10 global battery cell manufacturers, paving the way for initial offtake agreements expected mid 2025.
FinsMEs
11/12/2024