April 2023 portfolio round-up

Since our last update, our portfolio companies have been hard at work. Here’s what’s happened since February 2023: 

Yan Wang of AM Batteries named “Manufacturing Champion”

Worcester Business Journal names Yan Wang, CEO and Founder of AM Batteries, the “Manufacturing Champion.” 

In this editorial, Wang shares his journey from being interested in and adept at chemistry to co-founding two companies and more.

Read on Worcester Business Journal.

Visolis partners with Ginkgo Bioworks to improve microbial strain

“We are incredibly proud of our platform that is producing carbon-negative materials and fuels,” said Deepak Dugar, founder and CEO at Visolis. “As we strive to continue improving our technology towards commercial readiness, partnering with Ginkgo to accelerate our progress just makes sense. With their large codebase of strains and pathway expertise, which can shorten strain engineering cycles, as well as their scalable foundry capabilities, we believe we can work towards bringing our process to the next level.”

Read more on the Gingko Bioworks website.

Alice Technologies secures capital to expand

In early April, Alice Technologies “announced it raised $30 million in a Series B funding round led by Vanedge Capital, with participation from Access Partners, Bouygues, Gaingels, GRIDS Capital, JLL Spark and MetaPlanet. According to CEO René Morkos, the proceeds will help fuel hiring and product development.”

Read more on TechCrunch.

Sepion featured in CalSEED mini-documentary

“Making a Better Battery, Episode 2” is a short video showcasing Sepion’s innovative membrane material that stabilizes pure lithium metal anodes during charging and discharging to allow ≈10X increase in the capacity of the anode which achieves about a 40% increase in battery energy density.

Read more on Sepion’s website.

Watch the mini-doc on CalSEED’s website.

AM Batteries teams up with Amperex Technology Limited

The two companies are working together to “develop solvent-free electrode manufacturing technology for Li-ion cell production. The joint endeavor seeks to tackle some of the most critical challenges facing the Li-ion battery production industry: heavy carbon footprint, energy consumption, and high infrastructure cost derived from the current standard solvent evaporation process used for electrode fabrication. Leveraging key expertise in dry-electrode fabrication, which AMB developed, and the world-class commercial-scale battery-manufacturing team at ATL, both groups will work together to change the industry as a whole – both in terms of cost and environmental impact.”

Read more on AMB’s website.

3E Nano closes $4 Million Series Seed funding round

“The syndicated raise was led by Energy Foundry and includes major investors MUUS Climate Partners, ACT Venture Partners, Creative Ventures, and New Climate Ventures. Additional climate impact investors participated in the round with significant contributions from Vectors Capital and VertueLab.”

Read more on Business Wire.

Leave a Reply