ZincFive, a Tualatin, Oregon-based provider of nickel-zinc batteries and solutions, raised $13.1m in Series C funding.
The round, which brought total funding since inception to $40m, was led by 40 North Ventures with managing director Marc van den Berg joining ZincFive’s board of directors.
The company intends to use the funds to accelerate penetration into existing markets including mission critical applications in data centers and intelligent transportation, enter new high-power energy segments and geographies, invest in channel and product development, and build-out annual production capacity.
Led by CEO and Co-founder Tim Hysell, ZincFive has developed patented nickel-zinc battery technology which enables performance and safety characteristics combined with green battery chemistry offering a low maintenance, long operating life and wide operating temperature range, to make nickel-zinc batteries ideal for high power density applications. More than 150 departments of transportation across North America have now deployed the company’s nickel-zinc uninterruptible power solutions in harsh outdoor environments.