Sonocharge Energy has raised $23.5 million in a financing round led by Cycle Capital, with additional participation from Honda, Khosla Ventures, and Temasek. The funding will support the company’s efforts to commercialize its acoustic wave battery technology, which is designed to improve battery life, charging speed, and safety.
The company intends to use the funds to expand its team, enhance research and development, and scale its operations to meet the increasing demand for advanced battery solutions.
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The technology developed by Sonocharge aims to enhance the performance of lithium-ion batteries, offering potential benefits for electric vehicles (EVs) and energy storage systems.
The company’s technology focuses on improving battery cycle life, safety, and efficiency. Honda’s participation in the round reflects its interest in supporting technologies that align with its sustainability goals, including the integration of Sonocharge’s technology into its EVs.
With the new funding, Sonocharge plans to refine its technology for specific applications and expand its team in Silicon Valley. The company is also preparing for manufacturing as it looks to bring its technology to market. According to Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital, the company’s growth is an example of how technology can help drive electrification by improving battery performance.
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Honda’s Managing Executive Officer, Manabu Ozawa, mentioned the company’s focus on collaborating with companies like Sonocharge to enhance EV technology. Sonocharge CEO An Huang highlighted the importance of the investment in advancing R&D and accelerating the company’s efforts to deploy its technology within the EV and battery sectors.
