ZincFive, a Portland, OR-based provider of nickel-zinc battery-based solutions, raised $54M in Series D funding.
The round was led by Helios Climate Ventures with participation from Senator Investment Group, Standard Industries, OGCI Climate Investments and Japan Energy Fund. The Series D investment brings ZincFive’s total funding since inception to $139M.
The company intends to use the funds to accelerate its penetration into existing markets including mission critical applications in data centers, intelligent transportation, and industrial engine starting as well as providing the growth capital to enter new high-power energy segments and geographies.
Led by CEO ZincFive is the world leader in innovation and delivery of nickel-zinc batteries and power solutions. With more than 90 patents awarded, the technology leverages the safety and sustainability of nickel-zinc chemistry to provide high power density and performance to mission critical applications.