Amsterdam-based startup CarbonX has secured €4mn to industrialise a new anode material that could help Europe reduce its reliance on China for graphite, a substance which makes up half the weight of a typical lithium-ion battery.  Netherlands-based VC Energy Transition Fund Rotterdam led the round. It’s an extension on CarbonX’s €10mn capital injection announced in February, capping off the funding round at a cosy €14mn.   Graphite is the go-to material for lithium-ion battery anodes, which is the negative electrode responsible for storing and releasing electrons during the charging and discharging process.

BING NEWS:
  • Dutch startup’s new battery material could wean Europe off Chinese graphite
    CarbonX has secured fresh funding to scale its locally-made anode material that is supposedly greener and more efficient than graphite.
    12/11/2024 - 9:26 am | View Link
  • China Benefits as Europe’s Big Battery Ambitions Are Failing
    Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing.
    12/10/2024 - 2:45 am | View Link
  • Europe’s battery dreams die, but China cashes in
    Europe’s vision of building homegrown EV batteries to cut its reliance on China is dying. But China is more than ready to step in where other companies have failed.
    12/10/2024 - 2:40 am | View Link
  • Stellantis, Chinese Firm CATL Plan $4bn Battery Plant
    Car giant Stellantis and Chinese manufacturer CATL said Tuesday that they would build a $4.3 billion factory to make electric car batteries in Spain.
    12/9/2024 - 11:01 pm | View Link
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