Latest Offers – 11 July 2023

Batteries in each type: Recycled lithium-ion for power storage, battery swapping; various cement and various seafood – Latest offers value :

Agriculture & Meals

Bluu Seafood (2020) is a biotechnology specialist for cultivated seafood. To stop the degradation of the planet’s marine ecosystems, Bluu Seafood presents an alternative choice to seafood manufacturing which might present a cell-cultivated variations of any fish species.

The corporate has introduced a $17.5M Sequence A spherical from Sparkfood, LBBW Enterprise, Supply Hero, SeaX Ventures, Manta Ray Ventures, Norrsken VC, Dr Oetker, and Hamburgische Investitions- und Förderbank.

The capital can be used to provoke pilot manufacturing and enter Singapore, the place it expects to obtain approval a while in 2024. Additional, it has additionally kickstarted the approval course of with the U.S. FDA and can then set about concentrating on the European market. Additional, a portion of the funding will go in direction of increasing its analysis work with a concentrate on hybrid merchandise, alongside creating different extra advanced prototypes similar to fillets and sashimi.

Power & Energy

Hithium (2019) is on a mission to make clear power a no brainer with its power storage merchandise similar to lithium-ion and lithium iron phosphate batteries utilizing vital supplies. This battery expertise goals to offer secure, long-term power storage methods for industrial, industrial, and residential functions.

After shifting from the Asia Pacific market, Hithium began its format within the U.S. and European markets, together with including a subsidiary in Munich, Germany. The subsidiary strategy will permit Hithium to actively construct shut relationships with native prospects throughout the inexperienced, low-carbon power sector in Germany and throughout Europe extra broadly. Additional, within the U.S., it has introduced a procurement settlement with a world power storage system integrator, Powin Power. The settlement means Hithium will ship a primary batch of power storage battery merchandise totalling 1.5GWh.

Following these developments, Hithium has secured $622M in Sequence C funding forward of its IPO itemizing. The Sequence C spherical was fashioned by Beijing Monetary Avenue Capital Operation Heart, China Life Personal Fairness Funding, BOC Asset Administration, Goldstone Funding, Dinghui Baifu, CMG-SDIC Capital, CICC Capital, and China-US Inexperienced Fund.

The capital will go in direction of the growth of its manufacturing services, acquisition of recent tools, technological R&D, and market growth.

Supplies & Chemical compounds

Materials Evolution (2018) is altering the economic sport, an trade constructed fairly actually on cement. In 2023, cement accounted for 7% of world CO2 emissions – if this materials had been a rustic, this is able to be the equal of being the third largest international emitter. As a substitute, by the powers of fabric chemistry and synthetic intelligence, Materials Evolution has developed a cement various from hyper-local industrial waste streams. That’s, it has knocked out two birds with one good and low-carbon stone.

The corporate secured $18.9M in an oversubscribed Sequence A spherical led by Kompas VC with participation type Norrsken VC, CircleRock Capital, Playfair Capital, At One Ventures, SkyRiver Ventures, HG Ventures. This spherical included a strategic funding by SigmaRoc, with the potential for a partnership forming between them for the event of a spread of different low carbon concrete merchandise.

The funding from this spherical will go in direction of scaling its manufacturing services, to carry up blueprints on scaling its expertise throughout UK and European markets, and to additional its R&D efforts.

Assets & Atmosphere

NEU Battery Supplies (2021) appears to be like on the different aspect of bettering the favored lithium battery market, particularly, recycling! It has developed a platform that recycles lithium-ion batteries utilizing an electrochemical redox methodology to offer recycled supplies vital to supply lithium batteries. The patented expertise makes use of regenerative chemical substances to keep away from poisonous waste and harsh acids, with electrical energy as its solely required consumable.

NEU Battery Supplies has raised $3.7M in seed funding from SGInnovate, ComfortDelGro Capital Companions (CCP), Shift4Good, and Paragon Ventures.

The corporate intends to make use of the funds to speed up the deployment of its automated recycling line, which is able to decrease operational labor necessities. To proceed advancing the house of recycled battery supplies, NEU Battery Supplies is aiming to broaden its capabilities by starting analysis into different types of recycling lithium battery chemistries, together with cobalt-based batteries which might be utilized in two distinguished areas, good gadgets and electrical automobiles.

Transportation & Logistics

Battery Sensible (2019) is bringing battery-as-a-service (BaaS) options to the clear transport market, providing swappable lithium-ion batteries for two- and three-wheeler automobiles that may be simply changed for absolutely charged batteries at any of its swapping stations in below two minutes. The answer is targeted on the concept of unpolluted, reasonably priced, and handy options, that keep away from the excessive upfront prices, deterring prospects from participating with environmentally acutely aware options.

The corporate has secured a $33M Sequence B spherical from Tiger World Administration, Blume Ventures, Ecosystem Integrity Fund, and the British Worldwide Funding.

This spherical will assist its operations growth plan and outreach to new prospects, following the progress Battery Sensible made after its Sequence A spherical in 2022, which elevated its buyer base and income sixfold, and allowed it to develop its community of battery stations to 600 swap stations throughout 25 cities.

Enabling Applied sciences

Celestial AI (2020) is combining some great benefits of photonics with superior packaging to create a photonic cloth expertise answer for edge computing and AI deep studying functions. The thought behind this expertise is the conclusion that with AI and ML turning into key focus areas with functions throughout most industries, this rising reputation could be met with a ‘knowledge motion’ downside — that’s, as AI scales past what might be saved on anybody reminiscence chip, the method of shifting knowledge to and from computing {hardware} would turn into more and more difficult.

Celestial AI’s answer is an optical interconnected expertise constructing a sustainable path for compute-to-compute and compute-to-memory knowledge motion.  The corporate’s Photonic Material platform is an extension of its current laptop platforms, and it allows manufacturing deployments of optically-interconnected composable reminiscence methods.

Celestial AI has pulled in $100M in Sequence B funding in its latest spherical led by IAG Capital Companions, Koch Disruptive Applied sciences (KDT) and Temasek by its Xora Innovation fund, with participation from Tyche Companions, The Engine, Sensible World Holdings, Samsung Catalyst Fund, Porsche Automobil Holding, M Ventures, and imec.xpand.

The funding from this spherical will go in direction of the manufacturing of its photonics platform together with the growth of its engineering, gross sales, and technical advertising departments.R

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