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Sonocharge Energy, a Mountain View, CA-based company developing a platform for battery performance, raised US$23.5M in funding.
The round was led by Cycle Capital, with participation of Honda, current investors Khosla Ventures, Temasek, and non-dilutive funding partners.
The company intends to use the funds to grow its team in its new location in Silicon Valley and accelerate the commercial deployment of its solutions with key EV and battery manufacturers to extend the range and performance of batteries.
Led by CEO An Huang, Sonocharge Energy is developing a platform solution to improve battery performance with acoustic wave induced electrolytic motion to overcome charging performance and improve safety in lithium batteries. The novel technology provides a reduced-cost solution that extends battery life for e-mobility and various energy storage applications.