23 Years' Battery Customization

The first quarter of 2018 saw a surge in financing for energy storage battery companies

Feb 26, 2019   Pageview:619

Storage batteries have always been a hot topic for energy experts and energy investors alike. As batteries and renewable energy began to be linked, investors began to bet heavily on energy storage battery companies.

Mercomcapital today released its quarterly report on batteries, smart grids and energy efficiency financing. The report found that in the first quarter of 2018, battery companies 'venture capital investment increased five fold from a year earlier to $299 million. The $299 million represents 12 rounds of venture capital funding for energy storage battery companies. The most important of these is the battery integrator Stem, which received $80 million in start-up funding from Active Capital in round D financing.

However, Ionic Materials, a lithium-ion battery company, has raised $65 million from a consortium of seven investors led by Dyson. Dura Power of Singapore came in third, raising $40 million from two investors.

"It's a good start[to 2018], much better than expected," said Raj Prabhu, chief executive of Mercomcapital. Prabhu said that although he did not see a particular event driving activity in the first quarter, it did see a significant increase in financing for energy storage battery companies in that quarter. Prabhu recalled that in his company's talks with battery companies, many people were interested in solar energy storage projects.

Prabhu said that there are not many energy storage battery companies listed, and during this period, debt and equity activities are currently minimal. However, this may change. "If economic activity picks up, they will go to the capital markets to raise more money. "Prabhu predicted.

According to Prabhu, battery integrator and technology companies raised most of the money in the first quarter. Battery systems raised the most money-$91 million, and lithium-ion battery makers raised $87 million. However, companies that make solid-state batteries have raised $65 million. Although most companies make lithium-ion batteries, other battery companies can still raise a lot of money, says Prabhu. Investors do not reject other battery technologies.

The page contains the contents of the machine translation.

*
*
*
*
*

Leave a message

Contact Us

* Please enter your name

Email is required. This email is not valid

* Please enter your company

Massage is required.
Contact Us

We’ll get back to you soon

Done