Tech Company Financing Transactions
Natron Energy Funding Round
On 7/21/2022, Natron Energy raised $7 million in funding from Nabors Industries.
Transaction Overview
Company Name
Announced On
7/21/2022
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Undisclosed
Investors
Nabors Industries (Lead Investor)
Proceeds Purpose
Natron plans to use the funds to accelerate the production of its sodium-based battery technology at its Michigan facilities, concentrating on industrial power and energy transition markets. Natron and Nabors are evaluating the introduction of sodium-ion batteries as an energy storage solution for drilling markets.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
3542 Bassett St.
Santa Clara, CA 95054
USA
Santa Clara, CA 95054
USA
Phone
Undisclosed
Website
Email Address
Overview
Natron Energy (formerly Alveo Energy) is an energy storage company that is developing a new battery technology for applications including UPS, lift trucks, renewables smoothing, DCM, and regulatory services. Natron's batteries offer higher power density, faster recharge, and longer cycle life than incumbent technologies.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Colin Wessells
VP - Bus. Development
Robert Rogan
VP - Operations
Ronald Mosso
VP - R & D
Ali Firouzi
VP - Sales
Jack Pouchet
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We do our best to record all VC transactions involving tech companies. All VC database entries reported here are derived from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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