Solid-state battery startup LiNa Energy raises USD4.8 million in seed funding round

The funding will support the company in advancing its technology and bringing it to mass production

LiNa Energy has raised GBP3.5 million (about USD4.8 million) in a seed funding round from a combination of existing and new investors, the solid-state battery startup announced in a press release on 12 October. The funding will enable the company to advance their technology through expanding their laboratory facilities, stepping-up recruitment and buying new equipment, which will accelerate their commercialisation plan and ultimately when they are market-ready.