Tech Company Financing Transactions
e-Zinc Funding Round
On 10/12/2022, e-Zinc raised $7 million in funding from Silicon Valley Bank.
Transaction Overview
Company Name
Announced On
10/12/2022
Transaction Type
Debt
Amount
$7,000,000
Round
Undisclosed
Investors
Silicon Valley Bank (Lead Investor)
Proceeds Purpose
The company will use the funding to further progress its commercialization efforts and to expand production at its new Mississauga, ON facility.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
25 Advance Road, Ontario
Toronto, M8Z 2S6
Canada
Toronto, M8Z 2S6
Canada
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developer of economical energy storage technology designed to turn electricity into physically free zinc material. The company's technology offers an electrochemical cell which is made of recyclable materials that has its charging section at the top, absorbing energy, and discharging section at the bottom where zinc metal is dissolved which releases energy, enabling businesses to store and utilize electrochemical energy during peak periods while reducing the costs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Larsen
Chief Financial Officer
Nicole Ballestrin
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