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OGCI plugs into battery maker ZincFive

Alan Neuhauser
Jun 1, 2022
Illustration: Aïda Amer/Axios

ZincFive, the nickel-zinc battery maker raising a $75 million Series D round, earned itself a major investor this week,.

Driving the news: OGCI Climate Investments, which manages a roughly $1 billion fund for the Oil and Gas Climate Initiative, announced that it had invested in the funding round.

Why it matters: Startups are mixing up a variety of battery chemistry cocktails, and attracting money in the process. This comes as rising demand and strained supplies have unleashed huge price surges for critical minerals.

  • ZincFive says its chemistry promises greater stability and power density.

Details: "We are pleased with the initial participation," CEO and co-founder Tim Hysell tells Axios.

  • "We are in conversations with a number of interested parties that are attracted to our current round because of the unique advantages our nickel-zinc technology has to offer."
  • ZincFive in March disclosed that it'd raised $11.3 million in the round so far. The round has a rolling close that began in February, ZincFive says.
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