SoftBank’s SBCVC unit re-upped its commitment to the SSB developer, after fellow corporate FAW Group participated in a $100m series D round 18 months ago.
Taiwan-based electric vehicle (EV) battery developer ProLogium Technology raised $326m yesterday from investors including SBCVC, a regional corporate venturing unit for internet and telecommunications group SoftBank.
Venture capital firm dGav Capital’s New Epoch Capital subsidiary and investment firm Primavera Capital Group’s Carna Investments fund filled out the participants in the round while SBCVC invested through its SBCVC Navitas unit.
Founded in 2006, ProLogium manufactures solid-state batteries (SSBs) for use in EVs, drones and unmanned ground vehicles. It claims its SSB…
