29 Aug '16, 8pm

NOHMs raises $5M for commercializing non-flammable, ionic-liquid containing electrolytes for EV batteries

NOHMs raises $5M for commercializing non-flammable, ionic-liquid containing electrolytes for EV batteries 29 August 2016 NOHMs Technologies Inc. (NOHMs), a Cornell University spin-out founded in 2010, raised $5 million in Series B venture capital financing to commercialize its non-flammable electric vehicle (EV) battery electrolyte technology. Phoenix Venture Partners II LP (PVP) led the round with Solvay Ventures, New York State Innovation Venture Capital Fund (NYSIVCF), and angel investors. NOHMs Technologies has developed a family of ionic-liquid-containing electrolytes that are stable above 4.5 volts in lithium ion cells. The two electrolyte product lines currently under development for electric vehicle (EV) batteries are: NanoLyte Electrolyte: SF Series. Non-flammable electrolyte to improve EV battery durability. This electrolyte is a drop-in replacement for commercia...

Full article: http://www.greencarcongress.com/2016/08/20160829-noh.html

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