May 27, 2020

ZincFive – $13.1 Million

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. 

Quotes:

“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

Notes:

  1. . 40 North Ventures managing director Marc van den Berg to join ZincFive’s board of directors. 

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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