SANTA CLARA, Calif.–(BUSINESS WIRE)–Natron Energy, the world’s leading developer and supplier of high-power, long-life and low-cost Sodium-ion batteries using Prussian Blue chemistry, announced today that it has raised $35 million in Series D funding to further its product operations to meet market demand. ABB Technology Ventures, NanoDimension Capital and Volta Energy Technologies co-led the round, with existing investors Chevron, Khosla Ventures and Prelude continuing their participation in funding.
“Our customers in the data center and telecom markets value the safety, sustainability and performance of our sodium-ion batteries,” said Colin Wessells, Natron’s CEO and co-founder. “This funding round allows Natron to accelerate production to serve the increasing demand for safe, fire code compliant alternatives to both lithium and lead batteries.”
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