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Venture Capital News: Feon Energy Pulls In $6.1M Seed Round

2024-06-27
WOBURN, MA, Feon Energy announced the recent closing of a $6.1 million seed round that will enable the development of next-gen batteries.
Feon Energy, an advanced battery electrolyte startup spun out of Stanford University, announced the recent closing of a $6.1 million seed round that will enable the development of next-gen batteries. The round was led by Fine Structure Ventures, with participation from Eight Roads, Foothill Ventures, MassVentures, EPS Ventures, and Valkyrie Fund.

Feon Energy is pioneering the next leap in energy storage by revolutionizing battery electrolytes, the critical yet often overlooked component. Their pharma-inspired molecule design platform enables Feon to invent tailored electrolyte molecules for each battery chemistry's unique needs, rather than force-fitting existing materials. This innovative approach allows us to develop non-flammable, high-performance electrolytes that unlock new frontiers in safety, cost, and energy density. By redefining battery electrolyte, Feon Energy is set to transform industries - from making electric vehicles safer and more accessible to enabling the future of electrified aviation.
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