E-magy raised €5 million in a funding round led by Shift to enhance its nanotech silicon materials for lithium-ion batteries, aiming to significantly improve energy density and support electric vehicle advancements.
Target Information
E-magy is an innovative developer specializing in nanotechnology-based silicon materials aimed at the next generation of lithium-ion batteries. Recently, the company successfully raised €5 million in a funding round to further its pioneering advancements in battery technology. Notably, the current shareholder, PDENH, has chosen to participate again in this round, with leadership from Shift.
The innovative silicon material developed by E-magy has the potential to enhance the energy density of lithium-ion batteries by up to 40%. This breakthrough could significantly impact various sectors, particularly electric vehicles, by enabling longer ranges and faster charging times, thus positioning E-magy as a potential game-changer in the industry.
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Industry Overview in the Netherlands
The market for advanced battery technologies in the Netherlands is rapidly evolving, driven by the increasing demand for sustainable energy solutions and electric mobility. The Dutch
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Disclosed details
Transaction Size: $5M