LiNova Energy Raises $15.8M for Polymer Cathode Batteries

LiNova Energy, a Monrovia-based company, has secured $15.8 million in a Series A financing round led by Catalus Capital. Other investors include Saft, Chevron Technology Ventures, and a syndicate of unnamed investors. LiNova is focused on developing polymer cathode batteries for the energy storage market, aiming to revolutionize the industry with their cutting-edge technology. This funding will enable LiNova to accelerate their research and development efforts, scale up operations, and bring their innovative batteries to market. The company has also entered into a joint development agreement with Saft to further advance their battery technology. With the support of experienced investors, LiNova Energy is poised to make significant strides in the battery technology sector and deliver sustainable and cost-effective solutions to meet the world's energy storage needs.