Advanced Battery Concepts Raises Series B Funding Round

Advanced Battery Concepts

Advanced Battery Concepts, LLC, a Clare, Michigan-based company that develops and licenses technology related to bipolar lead-acid battery architecture, raised a Series B growth equity funding round of undisclosed amount.

The round was led by Nuveen Global Impact Fund, a private equity vehicle formed earlier this year to make direct investments globally in high growth companies that seek to address climate change and contribute to inclusive growth. 

Led by Dr. Edward Shaffer, Founder and CEO, Advanced Battery Concepts is a global battery technology development company designing a bipolar lead-acid battery and developing and implementing a commercially viable manufacturing process for such batteries.

ABC is currently working with existing lead-acid battery producers and engaging licensees to realize the commercial potential of its technology, as well as on-going production of batteries and additional research from its Battery Research & Engineering Development Centre in Michigan to broaden its technology portfolio.



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