Most of the automakers have shifted their focus onto the production of all-electric and plug-in EVs. This has led to increasing demand for batteries. This is where E-magy comes in. The startup claims to offer a scalable battery material that can provide automakers with a clear competitive edge.
Raises additional funding
In a recent development, the Dutch cleantech company E-magy has secured an additional €5M of funding. It was led by SHIFT Invest – an open-innovation investment platform for companies with the ambition to create sustainability and health impact.