SANTA CLARA, Calif., June 9, 2022 /PRNewswire/ — TeraWatt Technologies, a subsequent-gen lithium-ion battery producer for assorted electrified programs, has announced the completion of Series B funding led by Temasek, a world wide financial investment company headquartered in Singapore. Traders from Sequence A, together with Khosla Ventures, JAFCO, and Scrum Ventures participated yet again in this round. Coral Capital and Daikin joined the Sequence B spherical as a new trader.
The investment decision will accelerate the growth and the generation of TeraWatt’s commercial-quality flagship batteries that mix large strength density with large electrical power density under broader running temperatures and average external pressures. The batteries intention to electrify a selection of cars with a extended-driving vary, increase the payload and flight-time of highly developed drones, and help rising applications this kind of as eVTOLs, amid some others. The batteries with a potential of 6,800mAh and an vitality density of 416Wh/kg have currently handed UN38.3* and all the safety take a look at objects in IEC62133-2*, performed by a 3rd occasion, UL Japan, Inc.
“We are thrilled to shift forward, with this Collection B funding, to speed up the enhancement and generation of our professional-quality cells at scale with precision and basic safety,” reported TeraWatt Technology founder CEO Ken Ogata, Ph.D. “Importantly, operating with globe-main buyers who have major keep track of records in the house would incorporate considerable value to our mission, electrifying all for the sustainable potential.”
About TeraWatt Know-how
Centered in Santa Clara, California, TeraWatt Technology is a main producer of following-gen lithium-ion batteries for various electrified applications, led by co-founder CEO Ken Ogata and co-founder, finance & strategy guide Kazuma Yamauchi. TeraWatt Technology operates from its Santa Clara headquarters and its subsidiary in Japan with outstanding help from Organization for Small & Medium Enterprises and Regional Innovation (SMRJ). Buyers who joined the earlier rounds include Mirai Creation Fund II (managed by SPARX Group), In-Q-Tel, and other market-primary VC firms, and dependable angel buyers.
*This does not imply that UL Japan, Inc. assures the product’s protection or other issues.
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Resource TeraWatt Technologies Inc.