PORTAGE, Wis.--(BUSINESS WIRE)--Wisconsin Battery Company (WinBat™) has received an investment of $5 million from Infinite Power Systems (IPS), a private equity fund. With this investment, 87.5% of WinBat’s seed round has been funded. The company said it will use the funds for development of prototypes for its hemp carbon battery, produced in collaboration with the University of Wisconsin-Milwaukee, and for construction and buildout of its new manufacturing facility in Portage.“IPS’s portfolio offers us many opportunities for partnering with companies that are aligned with our goal of bringing products to market that are both better performing and better for the planet.”...
Ken Notes: Perfect, if the battery fails you can just chop it up and smoke it and not care...
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- - Volume: 24 - WEEK: 19 Date: 5/9/2024 11:41:06 AM -