{"id":19487,"date":"2023-06-14T22:00:00","date_gmt":"2023-06-14T22:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4128567_AE28567_0"},"modified":"2023-06-14T22:00:00","modified_gmt":"2023-06-14T22:00:00","slug":"industry-leaders-invest-22-million-in-australian-energy-start-up-sicona-battery-technologies","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=19487","title":{"rendered":"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies"},"content":{"rendered":"\n\n\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

New funds to be used to accelerate commercial development plans in the US<\/i> <\/p>\n

SYDNEY<\/span>, June 15, 2023<\/span> \/PRNewswire\/ — Sicona Battery Technologies (“Sicona”) today announced it has raised AU$22 million in Series A funding which will be used to further the company’s development plans both in Australia<\/span> and the United States<\/span>.<\/p>\n

The $22 million<\/span> investment was led by India’s<\/span> Himadri Speciality Chemical Ltd, leading Australian venture capital investor Artesian, and Electrification & Decarbonization AIE LP, a fund managed by Waratah Capital. Riverstone Ventures, Chaos Ventures, Investible Climate Tech Fund LP and Club Investible also participated in the funding round.<\/p>\n

Sicona develops low cost, scalable next-generation battery materials technology used in lithium-ion (“Li-ion”) batteries that enable electric-mobility and storage of renewable energy.<\/p>\n

Sicona’s current generation silicon-composite anode technology delivers a remarkable 50-100% higher capacity than conventional graphite anodes and its anode materials can deliver more than 50% higher cell energy density than current Li-ion batteries. <\/p>\n

The company, which has its headquarters and pilot plant based in Wollongong, just south of Sydney<\/span>, is advancing engineering studies, site selection and customer qualification for a 20ktpa (~200 GWh) silicon-carbon production plant starting with 5kpta (~50 GWh) in phase 1. This commercial scale plant will be built in the south eastern United States<\/span> to serve customers in the US market with Inflation Reduction Act (IRA) compliant materials supply. Funds raised in this round will provide significant growth capacity in the US over 2023-24 where demand for anode materials is estimated to exceed 1,200GWh by 2030.<\/p>\n

“Sicona’s core product is an innovative silicon metal based silicon-composite battery anode technology enabling more than 50% increase in energy density of existing Li-ion batteries,” Sicona CEO and cofounder Christiaan Jordaan<\/span> said.<\/i><\/p>\n

“By using silicon metal (and not expensive, supply chain constrained and dangerous silane gas like our competitors) Sicona can offer low-cost silicon anode materials at large automotive scale locally in major markets.<\/i><\/p>\n

“Welcoming one of the leading global speciality chemical companies as a strategic investor in our Series A round allows us to accelerate our mission of becoming a major producer of cost-effective silicon composite anode materials. Himadri has a multi-decade track record of manufacturing materials at scale and their expertise and inputs will be a major asset to us in the next phases of our growth plans. <\/i><\/p>\n

“Our silicon metal-based technology decouples us from the major bottlenecks and cost implications of silane gas-based technologies and provides our customers the confidence that we can deliver a silicon-carbon anode material at a capital intensity and $\/kg price which is feasible for mass-automotive market adoption.”<\/i><\/p>\n

In announcing their investment in Sicona to the National Stock Exchange of India<\/span>, Himadri Speciality Chemical Ltd chairman and managing director Anurag Choudhary<\/span> said Sicona was a “strategic fit” for his company.<\/p>\n

“We are delighted to make this investment in Sicona. Sicona’s ground-breaking research and cost-effective and highly scalable approach to silicon anode manufacturing perfectly complements our strategic objectives,” Mr Choudhary said.<\/i><\/p>\n

“We are extremely confident of Sicona’s team and technology and its ability to consistently innovate in the rapidly evolving battery technology landscape.”<\/i><\/p>\n

Mr Jordaan said Sicona’s mission was clear.<\/p>\n

“Our mission is to deliver enabling technologies that persistently tear up the envelope on battery and battery materials performance and innovation,” he said. <\/i><\/p>\n

“Producing best in class materials in a scalable, cost-effective way to power a sustainable future.” <\/i><\/p>\n

*Sicona was advised by Pantek Securities and Addisons in this transaction.<\/p>\n

Sicona Investment Overview<\/u><\/i><\/b>:<\/u><\/i><\/b> <\/p>\n

HIMADRI: <\/b>Himadri Speciality Chemical Ltd is a global speciality chemical conglomerate with a strong focus on research and development (R&D), innovation and sustainability. As pioneer in the production of lithium-ion battery anode material in India<\/span>, it continuously develops and innovates raw materials of lithium-ion battery value chain.<\/p>\n

ARTESIAN:<\/b> Artesian invests in remarkable startups, building transformational technology, unlocking solutions to the world’s critical challenges. Artesian is one of the Asia Pacific<\/span> region’s most active early-stage venture capital investors, with a portfolio of over 625 startups (pre-seed to Series A) focused on climate, agrifood, health, artificial intelligence & robotics, education, and gender equality.<\/p>\n

ELECTRIFICATION & DECARBONISATION AIE LP: <\/b>The Electrification and Decarbonization AIE LP Fund is a 100%-owned subsidiary of Toronto<\/span>-based Waratah Capital Advisers.<\/p>\n

RIVERSTONE VENTURES:<\/b> Riverstone Ventures II is a venture capital fund based in New York<\/span> and managed by Riverstone Holdings. Founded in 2000, Riverstone Holdings LLC is an asset management firm that invests in the private markets primarily within energy, power and infrastructure.<\/p>\n

CHAOS VENTURES: <\/b>Chaos Ventures is a community of technology entrepreneurs, industry executives, and professional athletes. Chaos Ventures bring a diverse and curated base of investors to entrepreneurs and strives to find ways to plug strategic limited partners directly into the information flows of its portfolio companies.<\/p>\n

INVESTIBLE CLIMATE TECH FUND LP: <\/b>The Investible Climate Tech Fund is an early-stage venture capital fund investing in founders who are creating high-growth technology enabled companies with a positive climate impact.<\/p>\n

CLUB INVESTIBLE: <\/b>Club Investible is a unique platform for investors inspired by the opportunity to invest in and support early-stage technology companies and founders globally.<\/p>\n

For more information, interview requests or images please contact Julian O’Brien<\/span>, Sicona PR and Comms manager, 0419 155 376 or jobrien@southbreakmedia.group<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New funds to be used to accelerate commercial development plans in the US  SYDNEY, June 15, 2023 \/PRNewswire\/ — Sicona Battery Technologies (“Sicona”) today announced it has raised AU$22 million in Series A funding which will be used to further the company’s development plans both in Australia and the United States. The $22 million investment […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-19487","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\nIndustry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=19487\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies - My Blog\" \/>\n<meta property=\"og:description\" content=\"New funds to be used to accelerate commercial development plans in the US  SYDNEY, June 15, 2023 \/PRNewswire\/ — Sicona Battery Technologies (“Sicona”) today announced it has raised AU$22 million in Series A funding which will be used to further the company’s development plans both in Australia and the United States. The $22 million investment […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=19487\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-14T22:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnasia.com\/media2\/2101345\/Sicona_HighQuality_07_Logo.jpg?p=medium600\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies\",\"datePublished\":\"2023-06-14T22:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487\"},\"wordCount\":862,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2101345\\\/Sicona_HighQuality_07_Logo.jpg?p=medium600\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487\",\"name\":\"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies - My Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2101345\\\/Sicona_HighQuality_07_Logo.jpg?p=medium600\",\"datePublished\":\"2023-06-14T22:00:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2101345\\\/Sicona_HighQuality_07_Logo.jpg?p=medium600\",\"contentUrl\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2101345\\\/Sicona_HighQuality_07_Logo.jpg?p=medium600\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=19487#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/transmediavictoria.net.au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#website\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/\",\"name\":\"My Blog\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\",\"name\":\"admin_tony\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"caption\":\"admin_tony\"},\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?author=8\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies - My Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/transmediavictoria.net.au\/?p=19487","og_locale":"en_US","og_type":"article","og_title":"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies - My Blog","og_description":"New funds to be used to accelerate commercial development plans in the US  SYDNEY, June 15, 2023 \/PRNewswire\/ — Sicona Battery Technologies (“Sicona”) today announced it has raised AU$22 million in Series A funding which will be used to further the company’s development plans both in Australia and the United States. The $22 million investment […]","og_url":"https:\/\/transmediavictoria.net.au\/?p=19487","og_site_name":"My Blog","article_published_time":"2023-06-14T22:00:00+00:00","og_image":[{"url":"https:\/\/mma.prnasia.com\/media2\/2101345\/Sicona_HighQuality_07_Logo.jpg?p=medium600","type":"","width":"","height":""}],"author":"admin_tony","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin_tony","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/transmediavictoria.net.au\/?p=19487#article","isPartOf":{"@id":"https:\/\/transmediavictoria.net.au\/?p=19487"},"author":{"name":"admin_tony","@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7"},"headline":"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies","datePublished":"2023-06-14T22:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/transmediavictoria.net.au\/?p=19487"},"wordCount":862,"image":{"@id":"https:\/\/transmediavictoria.net.au\/?p=19487#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnasia.com\/media2\/2101345\/Sicona_HighQuality_07_Logo.jpg?p=medium600","articleSection":["Business News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/transmediavictoria.net.au\/?p=19487","url":"https:\/\/transmediavictoria.net.au\/?p=19487","name":"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies - My Blog","isPartOf":{"@id":"https:\/\/transmediavictoria.net.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/transmediavictoria.net.au\/?p=19487#primaryimage"},"image":{"@id":"https:\/\/transmediavictoria.net.au\/?p=19487#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnasia.com\/media2\/2101345\/Sicona_HighQuality_07_Logo.jpg?p=medium600","datePublished":"2023-06-14T22:00:00+00:00","author":{"@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7"},"breadcrumb":{"@id":"https:\/\/transmediavictoria.net.au\/?p=19487#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/transmediavictoria.net.au\/?p=19487"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/transmediavictoria.net.au\/?p=19487#primaryimage","url":"https:\/\/mma.prnasia.com\/media2\/2101345\/Sicona_HighQuality_07_Logo.jpg?p=medium600","contentUrl":"https:\/\/mma.prnasia.com\/media2\/2101345\/Sicona_HighQuality_07_Logo.jpg?p=medium600"},{"@type":"BreadcrumbList","@id":"https:\/\/transmediavictoria.net.au\/?p=19487#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/transmediavictoria.net.au\/"},{"@type":"ListItem","position":2,"name":"Industry Leaders Invest $22 Million in Australian Energy Start-up Sicona Battery Technologies"}]},{"@type":"WebSite","@id":"https:\/\/transmediavictoria.net.au\/#website","url":"https:\/\/transmediavictoria.net.au\/","name":"My Blog","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/transmediavictoria.net.au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7","name":"admin_tony","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","caption":"admin_tony"},"url":"https:\/\/transmediavictoria.net.au\/?author=8"}]}},"_links":{"self":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts\/19487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19487"}],"version-history":[{"count":0,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts\/19487\/revisions"}],"wp:attachment":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}