Battery Tech startup Enerpoly secures $8.4million in funding. The “Enerpoly Production Innovation Centre (EPIC)” is a manufacturing facility that has the first-ever ultimate capacity throughput of 100 MWh per year.
Enerpoly, which was co-founded in 2018 by Dr. Samer Nameera (CSO) and Mylad Chamoun (CTO), and is run by Eloisa de Castro, has raised €12.6 million so far.
Building on the work of Dr Chamoun from Stockholm University, Enerpoly has created a novel zinc-ion battery technology using readily available and easily recyclable minerals like manganese and zinc. In addition, Enerpoly plans to enhance intellectual property protection, develop a sustainable European value chain, and increase its staff in Sweden.
Enerpoly Co-founder and CTO Mylad Chamoun: “This is a major milestone for Enerpoly, and for zinc-ion battery technology globally. Our EPIC zinc-ion plant, we will showcase how this technology is scalable and can enable the large-scale adoption of renewable energy. “With the backing of partners like the Swedish Energy Agency, Enerpoly’s zinc-ion batteries can help cement Sweden’s position at the forefront of this critical energy transition.”
With the help of this grant, Enerpoly can begin financing the production plant. In the upcoming Series A funding round, the company plans to raise further private funds.
Their goal at Enerpoly is to permanently improve global energy availability and decarbonise the energy system. They want to provide the energy storage solutions of the future by sincere innovation. With its headquarters in Stockholm, Enerpoly offers the energy storage market the finest of Swedish sustainability and design.