American Battery Factory (ABF), a battery manufacturer that plans to build a network of lithium iron phosphate (LFP) battery cell gigafactories in the US, has raised significant development capital in Series A funding. ABF will use the funds to secure production equipment and security technology needed for the first development phase of its recently announced gigafactory in Tucson, Arizona.
Other investors in the Series A round include hybrid manufacturing partner FNA Group, Lion Energy, and an unnamed battery-cell equipment manufacturing company.
“Our vision is to help the US rapidly electrify, and energy storage is the only solution that makes this possible,” said Jim Ge, CEO of American Battery Factory. “The first major step on this journey will be the construction in Arizona of the largest US gigafactory for producing lithium iron phosphate (LFP) battery cells, and initial development will be funded by this Series A round. We anticipate delivering our first battery cells within the next 18 months.”
Investor Lion Energy, a developer and manufacturer of energy storage products, incubated ABF for 18 months before unveiling the company to the public in March 2022. ABF entered into an offtake agreement with Lion Energy in May 2022 to deliver 18 GWh of LFP battery cells, beginning with high-capacity prismatic cells offering 105 to 300 Ah outputs. These are designed for a range of Lion Energy solutions, including portable solar generators and battery-based energy storage systems.
“We can’t move to an entirely green energy economy without high-quality lithium batteries,” said Frank Davis, CEO of Lion Energy. “As one of the fastest-growing pack integrators, Lion Energy is pleased to help expedite ABF’s production of the safest, longest-lasting, most reliable and eco-friendly batteries currently available.”
Investor FNA Group is a hybrid manufacturing partner that will provide its technology to ABF’s battery cell production. Formed in 1988, FNA Group is a vertically integrated power equipment manufacturer with a global presence across the United States, China, Italy and Australia.
“Our focus is to bring our entire supply chain to North America, and this is now possible through American Battery Factory,” said Gus Alexander, CEO of FNA Group. “Our global plan is to electrify all our next generation of products by using ABF battery cells.”
Source: American Battery Factory
cheap lasuna for sale – himcolin for sale online buy himcolin without a prescription
cheap besifloxacin – order sildamax online sildamax online buy
neurontin 800mg cheap – gabapentin 600mg for sale order sulfasalazine pills
order probenecid 500mg pills – purchase tegretol online cheap tegretol without prescription
celebrex online – buy celecoxib 200mg online cheap order indocin 50mg capsule
buy diclofenac 50mg generic – aspirin pill buy aspirin 75 mg generic
where can i buy rumalaya – endep buy online endep cost
diclofenac price – nimotop sale buy nimotop pills
buy generic lioresal – feldene price piroxicam over the counter
buy meloxicam generic – order rizatriptan generic buy generic toradol for sale
cyproheptadine us – zanaflex drug tizanidine 2mg brand
artane over the counter – purchase diclofenac gel online diclofenac gel where to buy
cheap isotretinoin 10mg – generic dapsone 100 mg deltasone 40mg for sale
omnicef 300 mg tablet – cheap cleocin purchase cleocin gel
prednisone online buy – elimite cost cost zovirax
acticin oral – acticin where to buy retin cream brand
purchase betamethasone – monobenzone cost where to buy benoquin without a prescription
purchase metronidazole pill – purchase cenforce pills order cenforce 50mg sale
cost augmentin – order augmentin pill purchase levothroid
buy cleocin 150mg online cheap – cleocin without prescription indocin online
cozaar 25mg drug – cephalexin 250mg drug order generic cephalexin 500mg
eurax order online – where to buy aczone without a prescription oral aczone
zyban over the counter – buy cheap generic ayurslim how to get shuddha guggulu without a prescription
modafinil generic – buy promethazine sale pill melatonin 3 mg
progesterone generic – generic ponstel buy fertomid tablets
brand xeloda 500 mg – where can i buy ponstel buy danocrine 100 mg generic
aygestin 5 mg usa – order lumigan online buy yasmin generic