Hitachi Chemical and Inabata have formed strategic partnerships with Silatronix as well as investing as part of a round that took the company's total funding to almost $14m.
Chemicals producer Hitachi Chemical and Inabata, a trading subsidiary of conglomerate Sumitomo, have participated in an $8m equity funding round for US-based lithium-ion battery technology developer Silatronix.
The round also included undisclosed existing backers, though Silatronix’s website lists its investors as venture capital firm Venture Investors and Wisconsin Alumni Research Foundation, the technology commercialisation arm of University of Wisconsin-Madison.
Silatronix is working on materials based on organosilicon compounds that will be used in electrolytes, binders and coatings for lithium-ion batteries.
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