e-Zinc, a Canadian developer of long-duration energy storage solutions based on zinc-air battery technology, has secured USD 31 million in the second tranche of its Series A funding round. The round was led by Evok Innovations with participation from Mitsubishi Heavy Industries, Export Development Canada, Ultratech Capital Partners, and existing investors, including Toyota Ventures and Eni Next.
The funds will accelerate product development, complete the construction of a 42,000 sq ft pilot manufacturing facility in Mississauga, Ontario, and demonstrate the company's long-duration zinc-air energy storage systems through field projects.
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