Sonocharge Energy Secures $23.5 Million Funding to Enhance Battery Technology
Sonocharge Energy, an evolving tech firm, has recently declared the completion of a $23.5 million funding initiative aimed at revamping battery technology. This latest infusion of capital aims to enable their groundbreaking technology to prolong battery life, hasten charging times, and enhance safety measures. The financing round was spearheaded by Cycle Capital, a prominent ClimateTech venture firm, and it also saw contributions from notable stakeholders such as Honda as well as existing investors like Khosla Ventures and Temasek.
Andrée-Lise Méthot, the Founder and Managing Partner at Cycle Capital, expressed enthusiasm about the partnership, emphasizing the role of Sonocharge’s technology in tackling critical energy challenges. She stated that Sonocharge Energy represents the first investment from their Fund V, which is focused on promoting electrification and efficient power electronics. Cycle Capital anticipates deploying about $350 million into the ClimateTech sector in the upcoming years and views Sonocharge as a pivotal case that exemplifies how cutting-edge technology can push advancements in electrification.
Honda also chimed in on the significance of this partnership. Manabu Ozawa, Managing Executive Officer at Honda Motor Co., noted that Sonocharge's innovation, which uses acoustic waves to improve battery life and increase charging efficiency, aligns perfectly with Honda's dedication to sustainability and reducing environmental impact. He articulated that longer battery life not only mitigates the ecological footprint but also presents a greater ease for electric vehicle users.
An Huang, the CEO of Sonocharge Energy, expressed gratitude for the robust group of investors that have come on board. He noted that this coalition brings a wealth of experience, resources, and vital commercial partnerships that are essential for the company's scaling efforts. The funds gathered will facilitate advancements in the company's core research and development initiatives while collaborating closely with clients to tailor their technology to specific needs and boost manufacturing readiness.
This funding milestone follows promising results from customer-funded laboratory experiments that demonstrated significant performance enhancements in lithium-ion batteries utilizing Sonocharge's unique technology. With the fresh capital, Sonocharge plans to expand its workforce in Silicon Valley and quicken the pace of deploying its innovative solutions to leading EV and battery manufacturers, ultimately striving to enhance battery range and performance significantly.
Sonocharge Energy, Inc. is on a mission to revolutionize battery performance through a novel platform that harnesses acoustic wave-induced electrolytic motion. Their technology aims to solve existing charging hurdles while bolstering safety measures in lithium batteries, making it a cost-effective solution for e-mobility and diverse energy storage applications. To learn more, visit their website at https://www.sonochargeenergy.com.
Established in 2009, Cycle Capital is a leading ClimateTech venture capital platform dedicated to scaling sustainable innovations. With investments spanning North America and Europe, they are committed to supporting businesses tackling significant environmental challenges and steering towards a net-zero future. Cycle Capital is also known for initiating the Cycle Momentum Accelerator + Innovation Engine, promoting ESG commitment throughout its investment process. For further details, please visit cyclecapital.com.
Honda has established itself as a global leader in mobility since its inception in 1948, headquartered in Tokyo. The company is focused on creating a sustainable society by aiming for zero environmental impact and zero traffic-related fatalities by 2050. Honda continues to explore innovative investments to bolster these ambitions, delivering diverse products ranging from motorcycles to automobiles and more.
Andrée-Lise Méthot, the Founder and Managing Partner at Cycle Capital, expressed enthusiasm about the partnership, emphasizing the role of Sonocharge’s technology in tackling critical energy challenges. She stated that Sonocharge Energy represents the first investment from their Fund V, which is focused on promoting electrification and efficient power electronics. Cycle Capital anticipates deploying about $350 million into the ClimateTech sector in the upcoming years and views Sonocharge as a pivotal case that exemplifies how cutting-edge technology can push advancements in electrification.
Honda also chimed in on the significance of this partnership. Manabu Ozawa, Managing Executive Officer at Honda Motor Co., noted that Sonocharge's innovation, which uses acoustic waves to improve battery life and increase charging efficiency, aligns perfectly with Honda's dedication to sustainability and reducing environmental impact. He articulated that longer battery life not only mitigates the ecological footprint but also presents a greater ease for electric vehicle users.
An Huang, the CEO of Sonocharge Energy, expressed gratitude for the robust group of investors that have come on board. He noted that this coalition brings a wealth of experience, resources, and vital commercial partnerships that are essential for the company's scaling efforts. The funds gathered will facilitate advancements in the company's core research and development initiatives while collaborating closely with clients to tailor their technology to specific needs and boost manufacturing readiness.
This funding milestone follows promising results from customer-funded laboratory experiments that demonstrated significant performance enhancements in lithium-ion batteries utilizing Sonocharge's unique technology. With the fresh capital, Sonocharge plans to expand its workforce in Silicon Valley and quicken the pace of deploying its innovative solutions to leading EV and battery manufacturers, ultimately striving to enhance battery range and performance significantly.
About Sonocharge Energy
Sonocharge Energy, Inc. is on a mission to revolutionize battery performance through a novel platform that harnesses acoustic wave-induced electrolytic motion. Their technology aims to solve existing charging hurdles while bolstering safety measures in lithium batteries, making it a cost-effective solution for e-mobility and diverse energy storage applications. To learn more, visit their website at https://www.sonochargeenergy.com.
About Cycle Capital
Established in 2009, Cycle Capital is a leading ClimateTech venture capital platform dedicated to scaling sustainable innovations. With investments spanning North America and Europe, they are committed to supporting businesses tackling significant environmental challenges and steering towards a net-zero future. Cycle Capital is also known for initiating the Cycle Momentum Accelerator + Innovation Engine, promoting ESG commitment throughout its investment process. For further details, please visit cyclecapital.com.
About Honda
Honda has established itself as a global leader in mobility since its inception in 1948, headquartered in Tokyo. The company is focused on creating a sustainable society by aiming for zero environmental impact and zero traffic-related fatalities by 2050. Honda continues to explore innovative investments to bolster these ambitions, delivering diverse products ranging from motorcycles to automobiles and more.
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