Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies
SYDNEY, June 14, 2023 /PRNewswire/ -- Sicona Battery Technologies ("Sicona") today announced it has raised AU$22 million in Series A funding which will be used to further the company's development plans both in Australia and the United States.
- Sicona develops low cost, scalable next-generation battery materials technology used in lithium-ion ("Li-ion") batteries that enable electric-mobility and storage of renewable energy.
- "Sicona's core product is an innovative silicon metal based silicon-composite battery anode technology enabling more than 50% increase in energy density of existing Li-ion batteries," Sicona CEO and cofounder Christiaan Jordaan said.
- "Our mission is to deliver enabling technologies that persistently tear up the envelope on battery and battery materials performance and innovation," he said.
- As pioneer in the production of lithium-ion battery anode material in India, it continuously develops and innovates raw materials of lithium-ion battery value chain.