Gridtential Partners With Two Leaders in the Lead-Acid Battery Industry in the Race Toward a Li-Ion Battery Alternative
Luminous Power Technologies
Gridtential Partners With Two Leaders in the Lead-Acid Battery Industry in the Race Toward a Li-ion Battery Alternative. The company has formed partnerships with the Hammond Group, which makes battery materials and additives, and Wirtz Manufacturing, which makes equipment for depositing battery materials onto a substrate.
Since the company’s inception in 2012, Gridtential has raised $28 million in financing from investors including The Roda Group, Crown Battery, and East Penn Manufacturing. It also has existing investors including The Roda Group, East Penn Manufacturing, and Silicon Valley Bank.
Hammond Team
The recent funding round for Gridtential, a California-based battery manufacturer, is aimed at expanding its product line and reaching OEM manufacturing partners. The company currently offers a 24-voltad battery, but the proceeds of the Series C financing round will be used to improve and expand its product offering. With the funding, Gridtential will be able to offer batteries in any two-volt increment, ranging from 1.6-volts to 24 volts. The company also plans to offer custom battery solutions to end-users.
Several companies are collaborating with Gridtential to improve its product. It has signed a licensing agreement with a major battery company to produce the Silicon Joule battery. It has also formed partnerships with nine more battery manufacturers. These partnerships are aimed at solving a number of key challenges facing the energy storage and transportation sectors, particularly in urban areas.
Wirtz Production
Wirtz Production and Gridtential have announced a new partnership. The two companies are working together to develop advanced lead battery equipment and components. The investment will help Gridtential expand its product line and pursue a wider market. The company currently offers a 24 volt, SiliconJoule battery. In the future, it will be able to offer batteries in any two-volt increment, depending on customer needs.
The two companies will collaborate on the development of off-the-shelf components and equipment for advanced lead-acid battery manufacturers. The new technology will save both time and money by eliminating the need for costly and time-consuming processes such as stacking and adding active materials. The companies will also provide manufacturing solutions to battery manufacturing partners.
The Roda Group
Gridtential Partners Chasing Li-Ion Battery Alternative has raised $28 million in venture capital, including new investment from Silicon Valley Bank and investment from existing investors such as East Penn Manufacturing and Crown Battery. The company developed its technology with help from university research. Gridtential is based in Santa Clara, California.
Gridtential is an innovative battery company. Using the technology behind silicon joule batteries, the company has partnered with 14 battery companies, including OEMs. The company is based in Santa Clara, California, and is backed by investors including The Roda Group and 1955 Capital. Its business model consists of combining time-consuming steps and saving manufacturing value.
1955 Capital
Andrew Rossario is a venture capitalist with more than 20 years of experience, and one of the few with experience investing in health and sustainability. He’s been involved in eight unicorn companies in world-positive sectors and is now co-founder of 1955 Capital, which invests in companies that will solve world problems with revolutionary technology. 1955 Capital’s portfolio includes companies working on sustainable energy storage, 3D printing for industrial applications, and low-emission railway propulsion.
