E-magy, a Netherlands-based cleantech startup that develops a novel silicon material for lithium-ion batteries, raised €15 million (~$16 million) in a Series A funding round. Hydro, an industrial company in a broad range of market segments, including aluminum, energy, metal recycling, renewables, and batteries, led the funding round and was joined by Invest-NL, Rubio, SHIFT Invest, and PDENH. The new funding will enable E-magy to scale its production capacity and meet the growing demand from battery manufacturers and automotive OEMs for high-energy batteries.