- Zeta Energy recently announced it raised $23 million in Series A funding. These are the details.
Zeta Energy – a Texas-based company that has developed a safe, low-cost, high-performance, and sustainable battery for the electric vehicle and energy storage markets – recently announced it raised $23 million in Series A funding led by Moore Strategic Ventures.
Zeta Energy developed a lithium-sulfur battery system with both a proprietary cathode and a proprietary anode. And its sulfur-based cathodes offer superior stability and higher sulfur content, outperforming current metal-based cathode materials. Zeta’s proprietary sulfurized carbon material prevents the polysulfide shuttle effect that has long held back advances in lithium-sulfur batteries. Plus Zeta’s sulfur-based cathodes are also inherently inexpensive, have a high capacity, use no cobalt, nickel, or manganese, and dramatically simplify and secure the supply chain.
The company has also developed lithium metal anodes that outperform other current and advanced anode technologies with significantly higher energy density than other major anode chemistries and without any of the dendrite issues common to lithium metal.
Zeta Energy is going to use the investment to expand its laboratory facility in Houston and further commercialization activities for its battery technology.
KEY QUOTE:
“We are delighted to have Moore Strategic Ventures join Zeta Energy. Moore’s focus on transportation, advanced materials, energy, and clean tech aligns perfectly with Zeta’s strategic objectives. We are so excited to work together to help the world transition to clean energy and build a more sustainable future.”
— Charles Maslin, founder and CEO of Zeta Energy
