Keio Innovation Initative has backed a $74.4m round for the polymer-based battery producer, which is advancing research from Keio's professor Hideaki Horie.

Japan-based lithium-ion battery developer APB raised ¥8bn ($74.4m) in funding today from investors including Keio Innovation Initiative (KII), a joint venture capital vehicle for Keio University and securities brokerage Nomura Holdings.
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.
APB is developing bipolar lithium-ion batteries utilising…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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