Sonocharge Vitality Raises $23.5M Financing Spherical
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Cleantech San Diego member and Southern California Vitality Innovation Community (SCEIN) firm Sonocharge Vitality – an revolutionary tech firm enabling the world’s batteries to last more, cost sooner and be safer – has efficiently raised a $23.5M financing spherical led by ClimateTech enterprise capital agency Cycle Capital, with participation of Honda, present traders Khosla Ventures, Temasek, and non-dilutive funding companions.
“Sonocharge Vitality is the primary funding out of our Fund V, a enterprise progress fund centered on electrification, energy electronics and photonics. We’re thrilled to associate with Honda, Khosla Ventures and Temasek to assist the corporate by its progress section as it’s accelerating the commercialization of its options in a variety of functions,” stated Andrée-Lise Méthot, Founder and Managing Companion at Cycle Capital. “As we’re actively taking a look at deploying $350M within the ClimateTech sector within the subsequent few years, Sonocharge Vitality is an exemplary case of how know-how can facilitate electrification by enhancing efficiency and scale its deployment.”
“Sonocharge Vitality has an revolutionary know-how that permits longer battery life and sooner charging. This know-how makes use of acoustic waves to considerably enhance the cost cycle lifetime of batteries, and Honda has excessive hopes for its potential. To Honda, this can be a helpful know-how as longer battery life will assist to cut back environmental influence and enhance comfort for EV customers. Honda will proceed to find, collaborate with, and put money into revolutionary ventures corresponding to Sonocharge Vitality by Honda Xcelerator Ventures1, our world program for open innovation,” stated Manabu Ozawa, Managing Government Officer of Honda Motor Co., Ltd.
“We’re happy to see Cycle Capital and Honda be part of our present investor syndicate.” stated An Huang, CEO of Sonocharge Vitality. “We’re grateful to be supported by such a robust group of traders that deliver invaluable sources, expertise, and business partnerships essential to scaling our firm. This funding will allow us to advance core R&D, and work carefully with our prospects to optimize for his or her particular use case and put together for manufacturing.”
This marks an vital milestone for the corporate and comes on the heels of customer-funded lab exams demonstrating considerably improved efficiency with lithium-ion batteries utilizing Sonocharge Vitality’s know-how. This new funding will allow the corporate to develop its workforce in its new location in Silicon Valley and speed up the business deployment of its options with key EV and battery producers to increase the vary and efficiency of batteries.
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