e-Zinc, a Toronto, Canada-based company enabling sustainable, long-duration energy storage with its zinc-air battery, closed a USD $7m venture debt facility with Silicon Valley Bank.
The company will use the funding to further progress its commercialization efforts and to expand production at its new Mississauga, ON facility.
Led by James Larsen, CEO, e-Zinc is a zinc-air battery company whose energy storage system can operate in cold and hot climates and is made of abundant and recyclable materials. By accelerating production of its commercial energy storage systems, the company can now deliver on upcoming testing and validation projects within the next ~18 months, such as the Toyota Tsusho Canada Inc. pilot project and its partnership with California Energy Commission (CEC).
FinSMEs
12/10/2022