ZincFive, a Tualatin, Oregon-based provider of nickel-zinc batteries and solutions, raised $13.1m in Series C funding.
The round, which brought total funding since inception to $40m, was led by 40 North Ventures with managing director Marc van den Berg joining ZincFive’s board of directors.
The company intends to use the funds to accelerate penetration into existing markets including mission critical applications in data centers and intelligent transportation, enter new high-power energy segments and geographies, invest in channel and product development, and build-out annual production capacity.
Led by CEO and Co-founder Tim Hysell, ZincFive has developed patented nickel-zinc battery technology which enables performance and safety characteristics combined with green battery chemistry offering a low maintenance, long operating life and wide operating temperature range, to make nickel-zinc batteries ideal for high power density applications. More than 150 departments of transportation across North America have now deployed the company’s nickel-zinc uninterruptible power solutions in harsh outdoor environments.
Source. FinSMEs, March 18, 2020.
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Source. FinSMEs, March 18, 2020.
This post was brought to you by Woewoda Communications, your partner in the venture capital, private equity and startup markets; offering strategic communications, public relations & investor relation services to Canadian & American VCs, PEs, Angels, Family Offices, Endowments/Trusts, and startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotics.
Are you a Canadian or American GP/LP/CI or an American or Canadian startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience
Serving the U.S. and Canada
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