Unigrid Battery, Inc., a San Diego, California-based startup that develops advanced sodium-ion batteries, received an investment from LG Technology Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate its product commercialization and build upon existing industry partnerships to deploy its technology for new energy storage and e-mobility applications.
Founded in 2021 by Dr. Darren H. S. Tan and Dr. Erik A. Wu as a University of California, San Diego spin-off company, Unigrid Battery develops advanced sodium-ion batteries to empower both emerging energy storage and electric mobility applications. Its batteries do not contain lithium, nickel, cobalt, nor copper, offering a promising pathway to mitigating the supply chain risks of lithium-based batteries. Sodium-ion batteries are applicable for a versatile array of energy storage applications as they are less expensive, safer, and can operate over a wide temperature range.
