Rincell Corporation, a San Francisco, CA-based chemistry battery cell manufacturer, raised $1.2M in Seed funding.
The round was led by NextGen Battery Chem Ventures LLC.
The company intends to use the funds to get its 18650 and 21700 silicon-graphite batteries ready for commercial production in CY2024.
Founded in 2023 by Jignesh Parikh and Dr. Jagjit Nanda, Rincell Corporation is committed to Domestic & Ally manufacturing of its high-capacity and performance Silicon-Graphite, LMFP, & Sodium-ion batteries for government and commercial applications. The company has already been shipping samples of its highest capacity-performance 18650 and 21700 Silicon-Graphite batteries to government and commercial customers, including Inventus Power, the largest independent battery pack manufacturer in North America.
Commenting on the news, Jignesh Parikh, CEO, said: “We’re thrilled to be partnering with Sandiip Bhammer – a veteran clean-tech investor. With this investment, Rincell is poised to accelerate our mission of electrifying critical sectors with high capacity-performance batteries using secure supply chain.”
FinSMEs
08/01/2024