Latest Offers – 11 July 2023


Batteries in each kind: Recycled lithium-ion for vitality storage, battery swapping; various cement and various seafood – Latest offers price taking a look at:

Agriculture & Meals

Bluu Seafood (2020) is a biotechnology specialist for cultivated seafood. To forestall the degradation of the planet’s marine ecosystems, Bluu Seafood affords 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 shall 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 the 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 vitality a no brainer with its vitality storage merchandise similar to lithium-ion and lithium iron phosphate batteries utilizing important supplies. This battery expertise goals to supply protected, long-term vitality storage methods for business, industrial, and residential purposes.

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 clients inside the inexperienced, low-carbon vitality sector in Germany and throughout Europe extra broadly. Additional, within the U.S., it has introduced a procurement settlement with a world vitality storage system integrator, Powin Power. The settlement means Hithium will ship a primary batch of vitality 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 Middle, China Life Non-public Fairness Funding, BOC Asset Administration, Goldstone Funding, Dinghui Baifu, CMG-SDIC Capital, CICC Capital, and China-US Inexperienced Fund.

The capital will go in the 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 commercial recreation, an business constructed fairly actually on cement. In 2023, cement accounted for 7% of world CO2 emissions – if this materials have been a rustic, this is able to be the equal of being the third largest world emitter. As an alternative, by way of 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 kind 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 variety of different low carbon concrete merchandise.

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

Assets & Setting

NEU Battery Supplies (2021) appears on the different facet of enhancing the favored lithium battery market, specifically, recycling! It has developed a platform that recycles lithium-ion batteries utilizing an electrochemical redox methodology to supply recycled supplies essential to provide lithium batteries. The patented expertise makes use of regenerative chemical compounds 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 can decrease operational labor necessities. To proceed advancing the area 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 outstanding 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 totally charged batteries at any of its swapping stations in beneath two minutes. The answer is targeted on the concept of fresh, inexpensive, and handy options, that keep away from the excessive upfront prices, deterring clients from participating with environmentally 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 help its operations growth plan and outreach to new clients, 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 the benefits of photonics with superior packaging to create a photonic cloth expertise resolution for edge computing and AI deep studying purposes. The thought behind this expertise is the conclusion that with AI and ML changing into key focus areas with purposes throughout most industries, this rising recognition can be met with a ‘knowledge motion’ drawback — that’s, as AI scales past what will be saved on anyone reminiscence chip, the method of shifting knowledge to and from computing {hardware} would turn into more and more difficult.

Celestial AI’s resolution 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 present 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 current spherical led by IAG Capital Companions, Koch Disruptive Applied sciences (KDT) and Temasek by way of 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 the direction of the manufacturing of its photonics platform together with the growth of its engineering, gross sales, and technical advertising and marketing departments.R

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