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Redflow to scale up battery making with cash raise

Tue, 05/01/2018 - 11:11 -- Xuan Zhong
Redflow to scale up battery making with cash raise

Australian flow battery maker Redflow is raising AUD18.1 million ($13.6m) to “scale up battery production and grow Australian and international sales”.

The Brisbane-based company said on 26 April it was raising the funds through a combination of a placement to new investors and a fully underwritten rights issue offered to all current shareholders.

 

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