JFE Chemical, JXTG, Nagase, Obayashi, Teijin and Yokogawa Electric backed a $74.4m round for the polymer-based battery producer.
Japan-based lithium-ion battery developer APB raised ¥8bn ($74.4m) in funding today from investors including corporates JFE Chemical, JXTG, Nagase, Obayashi, Teijin and Yokogawa Electric.
Industrial, mining and petroleum group JXTG Holdings took part through subsidiary JXTG Innovation Partners while coal chemistry technology provider JFE Chemical, construction firm Obayashi Corporation, textile manufacturer Teijin and industrial technology producers Nagase & Co and Yokogawa Electric invested directly.
The round also featured Keio Innovation Initiative (KII), a joint venture capital vehicle for Keio University…
