Australian Battery Manufacturer Sicona Raises $15 Million in Series A Funding

The Series A funding will enable Sicona to accelerate its US battery plant

June 20, 2023

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Sicona Battery Technologies, a company that develops advanced battery materials for lithium-ion batteries, secured A$22 million (~$15 million) in Series A funding to expand its operations in Australia and the US. The funding round was led by India’s Himadri Speciality Chemical, Artesian, and Electrification & Decarbonization AIE, a fund managed by Waratah Capital. Riverstone Ventures, Chaos Ventures, Investible Climate Tech Fund LP and Club Investible also participated in the funding round.

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