Trucks Venture Capital
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Bedrock Materials Secures $9 Million Seed Funding
Bedrock Materials, a pioneering battery technology startup launched out of Stanford University in 2023, announced a successful close of $9 million in seed funding alongside the inauguration of its new Research & Development (R&D) headquarters in Chicago, Illinois. The financing round was led by Trucks Venture Capital, Refactor Capital, and Version One Ventures. Additional investment was provided by Hanover Technology Investment Management, SpaceCadet Ventures, Brainstorm Capital, Evergreen Climate Innovations, Expansion VC, Climate Capital, Quest Venture Partners, Meliorate Partners, Valia Ventures, Ritual Capital, and several individual angel investors with strong ties to the electric vehicle and battery industries.
Bedrock Materials specializes in producing essential materials for low-cost, eco-friendly sodium-ion batteries. These batteries are seen as a next-generation alternative to lithium-ion versions, utilizing affordable, widely available materials. Last month, the company began R&D scale production of battery precursor materials at its facility in Near West Chicago. Plans are underway to open a larger, permanent site later this year.
RailVision Raises US$4MM in Seed Funding to Lower Fuel Costs and Greenhouse Gas Emissions in the Railway Industry
RailVision Analytics, the company powering the railway industry into a new era of cleantech, announced today it has closed a US$4 million (CAD$5.5 million) seed funding round from investors that back entrepreneurs building the future of transportation. The investment – which was more than two times oversubscribed – was led by Trucks Venture Capital with participation from new investors MUUS Climate Partners, Blackhorn Ventures, Incite.org, and Measured Ventures, and returning investors Active Impact Investments and Neil Murdoch. RailVision will use the funding for technical hiring, to grow its product development team, and to expand its product line and customer base.