Tech Company Financing Transactions
UNIGRID Battery Funding Round
Transition Global, Foothill Ventures and Union Square Ventures invested in a $12 million Series A funding round for UNIGRID Battery. The financing round was announced on 6/13/2024.
Transaction Overview
Company Name
Announced On
6/13/2024
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate and scaleup its battery production to fulfill MWh-scale customer orders in the electric mobility and stationary storage markets.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
6181 Cornerstone Ct. E 103
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Undisclosed
Website
Email Address
Overview
Better batteries are needed to meet current and future energy demands. UNIGRID Battery was founded to accelerate the transition to clean energy to combat climate change. We are developing safe, affordable, and sustainable sodium-ion batteries. To put a battery into every home and building to lower electricity costs and improve grid resilience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Darren Tan
Chief Technical Officer
Erik Wu
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