Anthro Energy
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Anthro Closes $20M Series A Financing and Completes UN 38.3 Battery Certification
Anthro Energy announced two major milestones: the closing of an over-subscribed $20M Series A financing round and completion of UN 38.3 battery certification, a key global safety standard for lithium battery transport. Collaborative Fund led the financing, with significant participation from existing investors including Union Square Ventures, Emerson Collective, and Voyager Ventures. Energy Revolution Ventures, Ultratech Capital Partners, Nor’easter Ventures, and Overlap Holdings also participated in the round. The funds will be used to build a Bay Area-based pilot production facility to commercialize and scale Anthro’s advanced battery technologies.
Anthro’s key innovation is its advanced non-volatile and mechanically tunable polymer electrolyte. The company’s proprietary polymer replaces the highly flammable liquid electrolyte in conventional lithium-ion batteries. “Our polymer electrolyte provides an unprecedented combination of performance, safety, and mechanical integrity,” said Anthro CTO Joe Papp, Ph.D. “By replacing conventional liquid electrolytes with our polymer, we can enable new battery form factors and battery chemistries that can facilitate broader electrification efforts across our economy.”
Anthro Raises $7.2M in Seed Funding to Shape the Future of Energy Storage
Anthro Energy, Inc., an advanced battery technology company, today announced the closing of an oversubscribed $7.2M seed round. Union Square Ventures and Energy Revolution Ventures co-led the financing, with participation from Voyager Ventures, Emerson Collective, Nor’Easter Ventures, Ultratech Capital Partners, and the Stanford President’s Venture Fund. The capital will accelerate the commercialization of Anthro’s core battery technology platform for applications ranging from wearables to mobility and beyond.
Anthro currently utilizes its core polymer technology in its line of flexible battery products. These flexible batteries can be integrated into ‘dead space’ of devices such as straps, bands, and substrates to create 2-5 fold improvements in run time and functionality. The initial markets for flexible batteries include wearables and medical devices, where today’s batteries throttle device performance and create bulky, uncomfortable experiences for the user. Anthro is currently providing prototypes to several partners developing a wide range of wearable products.