ProLogium Technology Raises US$326M in Funding
Summary
dGav Capital managed fund New Epoch Capital LP, Primavera managed fund Carna Investments Holding Limited, and SBCVC managed fund SBCVC Navitas Limited all participated in the round. The funding raised will be invested in the development of mass production facilities for ProLogium SSBs and to implement the company’s global plant expansion plans. The funds will be deployed to expand production capacity in Asia, Europe and the US between 2023 and 2025 to supply the local demands of the major OEMs with EV batteries. This will accelerate the provision of SSB solutions for ProLogium’s EV strategic partners. The company’s patented manufacturing processes consume around an eighth of the energy required to produce a regular sulfide SSB and its solid electrolyte is 100% recyclable and can be reused for creating new battery cell.