Despite growing EV sales, battery startups in the US have largely failed, even when supported by major investors such as Bill Gates. Only 36 battery startups received more than $500,000 in funding since 2000, and of these, only two returned any profit, according to the tech industry analysis firm CB Insights. According to a new… Read more »
Search Results Found For: "corvus"
Marine battery maker secures $5 million in funding, pursues aggressive growth
Marine battery systems maker Corvus Energy has finalized a $5-million financing deal with Green Marine Capital (GMC). The company plans to use the new funding to pursue a strategy of aggressive growth. According to Corvus, its lithium-ion Energy Store Systems (ESS) serve more than 90 percent of the marine market, including both hybrid and fully… Read more »