Tech Company Financing Transactions
Group1 Funding Round
Group1, based in Austin, secured $250 thousand from The University of Texas at Austin.
Transaction Overview
Company Name
Announced On
8/29/2023
Transaction Type
Venture Equity
Amount
$250,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to increase its workforce, expand production capacity of their product potassium cathode material, Kristonite�, to pilot-scale, and forge business partnerships with Tier1 cell and automotive manufacturers that wish to establish a domestic, "lithium alternative" solution.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Undisclosed
Austin, TX Undisclosed
USA
Austin, TX Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Developer of an engineered materials company intended to commercialize Potassium-ion batteries. The company's platform delivers commercial-scale materials by combining high-throughput synthesis and screening with machine learning-driven material informatics by combining high-throughput synthesis and screening with machine learning-driven material informatics, enabling users to expand beyond the limitations of Lithium-ion batteries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Alexander Girau
Co-Founder
Yakov Kutsovsky
Co-Founder
Leigang Xue
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