Gridtential Completes $11 Million Series B with 1955 Capital and Leading Battery Manufacturers

Gridtential Inc., an innovator in low-cost, high-performance energy storage technologies, announced today it has completed an $11 million Series B equity raise led by 1955 Capital, with participation from leading U.S. and Chinese battery manufacturers East Penn Manufacturing, Crown Battery Manufacturing, Leoch International and Power-Sonic Inc., and existing investors The Roda Group and battery industry leader and Chairman Ray Kubis. With the rechargeable battery market expected to exceed $100 billion by 2025, Gridtential will use this new capital to expand development and licensing agreements to meet growing global demand for advanced energy storage in the automotive, backup power, grid solutions, and mobility industries.

read the full article on prnewswire.com

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