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Li-S firm OXIS wins Brazil expansion investment

Mon, 02/26/2018 - 12:08 -- Xuan Zhong
Li-S firm OXIS wins Brazil expansion investment

UK lithium-sulfur cells maker OXIS Energy has secured a GBP3.7 million ($5.17m) capital boost to expand its battery business in Brazil.

Oxis said it plans to use funding from Brazilian private equity fund, Aerotec, to open a subsidiary and an R&D centre in southeast Brazil as it eyes increasing demand for batteries in the electric heavy vehicles market.

 

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