Deepak Ahuja, the chief financial officer who took Tesla public in 2010 and served two terms steering its finances through the most volatile period in automotive history, has joined Redwood Materials as CFO. He told TechCrunch it is “too early” to talk about an IPO. Companies that are not thinking about an IPO do […]
The two conglomerates are funding separate R&D centres focused on next-generation battery chemistries and advanced EV systems. The investment is a hedge: both groups currently buy critical battery components from Chinese suppliers and want options when Beijing tightens export rules again. India’s two largest steel-and-everything-else conglomerates are putting close to $1bn behind a question that […]
The battery that made Nyobolt a unicorn does not power a car. It powers a warehouse robot. The Cambridge-based startup announced on Tuesday that it has closed a 60 million dollar Series C round at a one billion dollar valuation, led by Symbotic, the Nasdaq-listed AI robotics company whose SymBot autonomous mobile robots already run […]
The world’s largest EV battery maker priced its Hong Kong listing at HK$263 in May 2025. Its shares touched HK$701 before the placement was announced. The deal builds on a week of shareholder activity: a Sinopec unit sold $770M of CATL stock at HK$708 on 22 April; a Shenzhen block trade of 58 million A-shares […]
Summary: SoftBank Corp. plans to convert part of the former Sharp LCD factory in Sakai, Osaka into one of Japan’s largest battery production lines for AI data centres, with production expected within five years (~2031). The move completes a vertical integration stack spanning chips (Arm, Graphcore, Ampere), modular data centre manufacturing (Lordstown), energy generation (SB […]
The Japan-headquartered EV battery manufacturer, controlled by China’s Envision Group and backed by Singapore’s sovereign wealth fund GIC, is mulling an IPO in Hong Kong that could raise up to $2 billion, Bloomberg reported on Thursday. The move marks a significant change from earlier plans to list in the US. Envision AESC, the electric vehicle […]
In short: Altilium, a UK clean technology company, has secured £18.5 million in grant funding from the government’s DRIVE35 Scale-Up Fund to build ACT3, the country’s first commercial refinery for recovering critical minerals from end-of-life electric vehicle batteries. Located in Plymouth, Devon, the facility will process 24,000 EV batteries a year using Altilium’s proprietary EcoCathode™ process, […]
For decades, nickel-hydrogen batteries have been the quiet workhorses of space, powering the International Space Station and the Hubble Space Telescope through the extremes of orbit. Now, a California startup wants to put that same chemistry to work on the ground, and it just secured serious money to do it. EnerVenue has raised $300 million […]
In the sprawl north of Dallas, where data centres are multiplying and the Texas grid groans under record demand, Energy Vault has placed a new bet on battery storage, and on the idea that the companies powering AI’s insatiable appetite for electricity will need far more of it, far faster. The California-based energy storage company […]
The battery industry has a translation problem. Researchers can identify promising new materials in the lab; the challenge is moving those discoveries through chemistry, engineering, and manufacturing without losing years and hundreds of millions of dollars in the process. The gap between discovery and production has long been one of the defining bottlenecks of the […]
