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E-Zinc Secures Usd $25 Million In Series A Financing To Advance Long-Duration Energy Storage

Apr 07, 2022over 3 years ago

Amount Raised

$25 Million

Round Type

series a

Toronto

Description

e-Zinc, the company enabling sustainable, long-duration energy storage with its zinc-air battery, announced today that it has raised USD $25 million in Series A financing led by Anzu Partners, with additional funding from BDC Capital, Toyota Ventures, and Eni Next. Existing investors, including Seed Round lead investor Energy Foundry, also participated. e-Zinc will use this funding to commence the pilot production of its first commercial energy storage systems for field deployment.

Company Information

Company

E Zinc

Location

Toronto, Ontario, Canada

About

e-Zinc is a zinc-air battery company based in Toronto. The company’s energy storage system can be up to 80 percent less expensive than comparable lithium-ion systems for long-duration applications. Importantly, its energy storage system can operate in cold and hot climates, and is made of abundant and recyclable materials. www.e-zinc.ca.

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