E-Zinc Secures Usd $25 Million In Series A Financing To Advance Long-Duration Energy Storage
04/07/22, 1:00 PM
Location
torontoMoney raised
$25 million
Round Type
series a
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 Info
Location
toronto, ontario, canada
Additional Info
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.