Dark
Light
Today: February 7, 2025
January 26, 2024
1 min read

Surging 59% YoY: Unleashing the Power of Venture Capital

Venture capital (VC) funding for energy storage ventures in the US reached $9.2bn in 2023, representing a 59% year-over-year increase, according to Mercom Capital. The figure was raised through 86 deals, compared to 96 deals and $5.8bn the previous year. Lithium-ion based battery technology companies were the main beneficiaries of VC funding, followed by battery recycling firms, nickel-based battery technology companies, energy storage downstream businesses, and materials and components firms. Mercom also noted that corporate funding in the energy storage sector, which includes VC and private equity funds, dropped by 28% YoY to $19bn. Redwood Materials, Zenobe, SK On, Verkor, and Hithium were the top five VC funding deals in 2023.

Previous Story

Unleashing the Top Wall Street Wizards Unveiled by Common Wealth

Next Story

The VC’s Struggles, Gilead’s Blow, and Surging M&A: Insightful Updates

Latest from Blog

VCFA Group Closes $1225M Venture Partners VII Fund

TLDR: VCFA Group closed VCFA Venture Partners VII fund with $122.5 million in commitments Transition marks continuation of VCFA’s pioneering legacy in the secondary private equity space VCFA Group, a pioneer in

Top AI Trends and Startups Shaping 2025 and Beyond

“`html TLDR: Israel is excelling in applicative and vertical AI, focusing on practical solutions in cybersecurity, healthcare, and defense rather than competing with tech giants in foundational AI models. Five key AI
Go toTop