ACT-ion Raises $7.5 million in Pre-Series A Round Led by BASF Venture Capital
Portfolio Pulse from
ACT-ion Battery Technologies has raised $7.5 million in a Pre-Series A funding round led by BASF Venture Capital. The startup specializes in lithium ion battery cathode active materials and has developed a cost-effective production method.
February 10, 2025 | 1:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
BASF Venture Capital led a $7.5 million funding round for ACT-ion Battery Technologies, indicating BASF's interest in advancing lithium ion battery technology.
BASF's involvement in leading the funding round for ACT-ion suggests a strategic interest in the battery technology sector, which could positively impact BASF's stock as it aligns with future growth areas.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80