Battery electrolyte firm South 8 Technologies has raised $12 million in Series A financing to accelerate the commercialisation of its liquified gas electrolyte formulations for lithium batteries.
The California, US-based start-up will use the cash to further develop its patented liquefied gas electrolyte (LiGas®) technology for batteries used in electric vehicle, grid storage, aerospace, and defense applications.
The funding round was led by investment firm Anzu Partners with participation from LG Technology Ventures (a subsidiary of LG Chem), Shell Ventures, venture fund company Foothill Ventures, and gas organisation Taiyo Nippon Sanso Corporation (TNSC).
South 8’s non-toxic LiGas technology uses solvents that are normally gaseous at standard pressure and room temperature but may be liquefied under pressure and used as an electrolyte within the cell.
The firm says its LiGas electrolytes are compatible with all conventional cathode, anode, and separator materials.
South 8 Technologies began operations in 2016 as a spin out of University of California San Diego where the founding team developed its technology.
