Equinor Ventures re-upped its commitment to the battery material detection technology provider KoBold's series B round, which included BHP Ventures and Mitsubishi.
US-based mineral detection technology developer KoBold Metals has secured almost $193m in a series B round featuring corporates BHP, Equinor and Mitsubishi, two sources privy to the matter told the Wall Street Journal yesterday.
Investment manager T Rowe Price led the round, which included Andreessen Horowitz, Apollo Projects, Bond Cap, Breakthrough Energy Ventures, Cleo Capital, Canada Pension Plan Investment Board and private investors Scott Belsky and John Zimmer.
Diversified conglomerate Mitsubishi invested directly while mining group BHP and oil producer…
