The renewable energy battery developer, an MIT spinout, raised funding that will be used to expand its manufacturing capabilities.
Ambri, a US-based developer of grid battery technology spun out of Massachusetts Institute of Technology (MIT), raised $144m in financing on Monday.
The round was co-led by investment management firm Paulson & Co and Reliance New Energy Solar, a subsidiary of diversified conglomerate Reliance Industries. It included Fortistar, Goehring & Rozencwajg Associates, Japan Energy Fund and private investor Bill Gates.
Ambri produces liquid metal batteries used to store energy generated by renewable power installations for long durations. The…
