Sicona Safeguards AU$ 3.7 M to Expand Battery Materials Tech

• This newest capital injection follows the company's $1 million seed round in July 2020, the honor of a $704k 'Accelerating Commercialisation' Grant by the Australian Federal Government in November 2020, as well as Sicona's involvement in the prestigious Startmate accelerator in its Summer 2021 climate technology mate.
• The financing round was led by worldwide endeavor company Artesian as well as US-based Riverstone Ventures, an associate of Riverstone Holdings.

Australian firm Sicona Battery Technologies Pty Ltd has actually elevated AU$ 3.7 million in a pre-Series A financing round from leading investors to scale battery products innovation around the world.

This most current capital injection follows the company's $1 million seed round in July 2020, the honor of a $704k 'Accelerating Commercialisation' Grant by the Australian Federal Government in November 2020, as well as Sicona's involvement in the prominent Startmate accelerator in its Summer 2021 climate technology accomplice.

The financing round was led by global endeavor firm Artesian and US-based Riverstone Ventures, an associate of Riverstone Holdings, with significant participation by Chaos Ventures (New York), Bandera Capital (Australia), SDGx Ventures (Singapore), and numerous noticeable Australian climate-tech capitalists and international battery products specialists.

Sicona, founded in June 2019 by Christiaan Jordaan and also Andrew Minett, is establishing next-generation battery technology utilized in the anodes (adverse electrodes) of lithium-ion batteries that enables electrical mobility.

Sicona is commercialising cutting-edge silicon-graphite composite battery anode as well as binder process technology and also products, established and also perfected over the last 10 years at the Australian Institute for Innovative Materials (AIIM) at the University of Wollongong.

Sicona's existing generation silicon-graphite composite anode products supply 50% to 100% greater capability than traditional "graphite-only" products and as a result, its cell manufacturer customers can unlock greater than 50% greater cell energy density than current Li-ion batteries thereby boosting electrical vehicle variety whilst lowering the cost as well as the time it requires to charge.

According to a current report prepared by Accenture for the Future Battery Industries Cooperative Research Centre (FBICRC), of which Sicona is an associate individual, diversified battery industries might add $7.4 billion annually to Australia's economic climate as well as assistance 34,700 jobs by 2030.

Among the six opportunities recognized in the report for Australia to expand its presence throughout the battery value chain is the establishment of "active materials making capability to offer the global worth chain". Sicona specifies that it can satisfy this duty well as it has strategies to establish residential commercial-scale innovative manufacturing of its next-generation energetic anode materials.

The international lithium battery chance is proliferating with more than 4TWh (comparable to 4,000 gigawatt sized factories) of introduced cell production needing in excess of four million tonnes of anode products per year.

From its Australian base, Sicona also has its eyes set on releasing commercial-scale production plants in Europe and The United States And Canada.

Sicona owner and CEO Christiaan Jordaan stated: "We are incredibly happy for the assistance from our growing global financier base. Our next landmark is the appointing of Sicona's pilot manufacturing plant at our site in Wollongong as well as leveraging its larger-scale manufacturing ability to qualify our products with worldwide battery manufacturers and conduct larger-scale battery testing programs."

Kevin Wang, Vice President at Riverstone Holdings, claimed: "We are thrilled to sustain Sicona with this financing round as it is looking to scale its ground-breaking battery materials modern technology and also leverage its successes right into the fast-growing markets developing for lithium-ion batteries in Europe and the United States."