Portland, Oregon; 03/18/2020
Amount Funded: $13.1 Million
Type: Series C
Lead Investor: 40 North Ventures
Participating Investor(s): Not Listed
Total Funding to Date: $40 Million
Company Description: ZincFive is the world leader in innovation and delivery of nickel-zinc battery-based uninterruptible power solutions for mission critical applications in Data Centers and Intelligent Transportation as well as providing batteries and storage solutions across markets with stationary and motive applications. With 107 patents awarded, ZincFive leverages safe, green nickel-zinc chemistry within its solutions to provide high power density and performance simultaneous with superior safety and environmental advantages.
What funding will be used for: To bring ZincFive batteries to new markets, growth capital.
“Our customers are thrilled with our nickel-zinc batteries and solutions delivering higher performance without forcing them to compromise on safety and the environment. The opportunity to partner with 40 North Ventures provides the capital and strategic relationships to bring nickel-zinc batteries into new global growth segments.”
-Tim Hysell, CEO/co-founder, ZincFive
- . 40 North Ventures managing director Marc van den Berg to join ZincFive’s board of directors.
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