Graphene cathode materials startup volexion secures funding to scale-up its technology

Battery materials startup Volexion has secured $1.1 million in funding as it moves toward commercialization of its graphene coating for lithium-ion cathodes. The U.S-based company aims to increase its output to “several kilogram” batch capacity after the funding as it works towards its goal of being commercially ready by 2024.

The closing of the first tranche of its $2.2 million seed financing was led by leading climate tech venture capital firms Clean Energy Ventures and Energy Foundry.