Akihabara News (Tokyo) — Enpower Greentech, which is developing next-generation batteries for drones and electric vehicles, announced that its Series A fundraising has now reached US$35 million.
The latest round of financial contributions were led by Sequoia China, Dayone Capital, GAC Capital, BR Capital, Tianqi Capital, and Niuli Venture.
These funds will be used for solid-state battery commercialization, including production line set up, product enhancement, and market expansion.
Collaborating with the SoftBank Group and other firms, Enpower Greentech possesses development and manufacturing centers in Japan, China, and the United States.
The firm claims to be at the leading edge of commercializing lithium metal anode-based batteries and sulfide-electrolyte-based all-solid-state batteries.
Near the end of this year, Enpower plans to begin commercial shipments of its lithium metal batteries to drone manufacturers, enhancing their performance.
The Japan branch–Enpower Japan–was established near Shinagawa Station in Tokyo in February 2018, and is closely affiliated with the Tokyo Institute of Technology as well as SoftBank.
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