Funding and M&A Roundup: ACT-ion Battery Technologies Raises $4M
Energy solutions provider ILJIN Electronics raises $136 million
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ACT-ion Battery Technologies, a producer of cathode active materials for lithium-ion batteries, raised a $4 million extension to its Pre-Series A funding round. The extension increases the company’s total funding to $11.5 million, building on the $7.5 million raised earlier this year in the initial phase of the round led by BASF Venture Capital.
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