The Technology team advised Sonocharge Energy, Inc. on its $23.5M Series A financing led by Cycle Capital, with participation of Honda, current investors Khosla Ventures, Temasek, and others. This new funding will enable Sonocharge to grow its team in its new location in Silicon Valley and accelerate the commercial deployment of its solutions with key EV and battery manufacturers to extend the range and performance of batteries. This financing announcement comes on the heels of customer-funded lab tests demonstrating significantly improved performance with lithium-ion batteries using Sonocharge’s technology.
Sonocharge Energy, Inc is developing a platform solution to improve battery performance with acoustic wave induced electrolytic motion to overcome charging performance and improve safety in lithium batteries. The novel technology provides a reduced-cost solution that extends battery life for e-mobility and various energy storage applications.
The Goodwin team was led by Andrew Sparks, David Brekke, Carson Williams, Barzin Pakandam, Kelly Carson, Emma Conger, Christian Donath, and Cristina Provencio.
For more information on the deal, please read the press release.