ZincFive Raises $13.1 Million In Series C Financing
Summary
"Our customers are thrilled with our nickel-zinc batteries and solutions delivering higher performance without forcing them to compromise on safety and the environment," said ZincFive CEO and Co-founder, Tim Hysell. "The opportunity to partner with 40 North Ventures provides the capital and strategic relationships to bring nickel-zinc batteries into new global growth segments. " The funding also accelerates ZincFives penetration into existing markets including mission critical applications in data centers and intelligent transportation as well as providing the growth capital to enter new high-power energy segments and geographies. "ZincFives nickel-zinc battery technology makes it exactly the kind of company that is at the core of 40 North Ventures investment thesis: to drive growth in high-potential companies in the industrials sector that solve meaningful real-world problems with sustainability in mind," said 40 North Ventures managing director Marc van den Berg. With 107 patents awarded, ZincFive leverages safe, green nickel-zinc chemistry within its solutions to provide high power density and performance simultaneous with superior safety and environmental advantages.