TeraWatt Technology, a next-gen lithium-ion battery producer for diverse electrified applications, has announced the completion of Series B funding led by Temasek, a global investment company headquartered in Singapore. Investors from Series A, including Khosla Ventures, JAFCO, and Scrum Ventures participated again in this round. Coral Capital and Daikin joined the Series B round as a new investor.
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The investment will accelerate the development and the production of TeraWatt’s commercial-grade flagship batteries that combine high energy density with high power density under wider operating temperatures and moderate external pressures. The batteries aim to electrify a variety of automobiles with a longer-driving range, increase the payload and flight-time of advanced drones, and enable emerging applications such as eVTOLs, among others. The batteries with a capacity of 6,800mAh and an energy density of 416Wh/kg have already passed UN38.3* and all the safety test items in IEC62133-2*, conducted by a third party, UL Japan, Inc.
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“We are thrilled to move forward, with this Series B funding, to accelerate the development and production of our commercial-grade cells at scale with precision and safety,” said TeraWatt Technology founder CEOÂ Ken Ogata, Ph.D. “Importantly, working with world-leading investors who have significant track records in the space would add significant value to our mission, electrifying all for the sustainable future.”
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