Climate Insider Brief:
- Sonocharge Energy secured $23.5M in funding led by Cycle Capital, with support from Honda, Khosla Ventures, Temasek, and others, to scale its battery technology.
- Sonocharge’s acoustic wave technology extends battery life, speeds up charging, and enhances safety for EVs and energy storage.
- The funding will boost R&D, manufacturing readiness, and team growth in Silicon Valley, driving partnerships to commercialize its solutions.
Sonocharge Energy, a trailblazing tech company dedicated to advancing battery performance, has announced the successful closure of a $23.5 million financing round. The funding was spearheaded by ClimateTech venture capital firm Cycle Capital, with additional participation from Honda, existing investors Khosla Ventures and Temasek, as well as non-dilutive funding partners. This investment signals a significant leap forward for Sonocharge Energy as it scales its innovative solutions for safer, longer-lasting, and faster-charging batteries.
Backing the Future of Electrification
“Sonocharge Energy is the first investment out of our Fund V, a venture growth fund focused on electrification, power electronics, and photonics,” said Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital. “We’re thrilled to partner with Honda, Khosla Ventures, and Temasek to support the company through its growth phase as it accelerates the commercialization of its solutions in a wide range of applications.”
Cycle Capital, which plans to deploy $350 million into the ClimateTech sector over the next few years, views Sonocharge Energy as a prime example of technology driving electrification forward. The company’s innovations hold the potential to enhance the performance and scalability of battery solutions, paving the way for broader adoption of e-mobility and renewable energy systems.
Honda’s Commitment to Innovation
Manabu Ozawa, Managing Executive Officer of Honda Motor Co., Ltd., highlighted the significance of Sonocharge Energy’s technology: “This innovative solution uses acoustic waves to significantly increase the charge cycle life of batteries. Longer battery life will help reduce environmental impact and improve convenience for EV users. Honda has high hopes for this technology and will continue to collaborate with and invest in ventures like Sonocharge Energy through Honda Xcelerator Ventures.”
Honda’s involvement underscores the importance of Sonocharge Energy’s breakthrough technology in addressing critical challenges for electric vehicle (EV) users, including sustainability and efficiency.
Accelerating Commercialization and Growth
“We are pleased to see Cycle Capital and Honda join our current investor syndicate,” said An Huang, CEO of Sonocharge Energy. “This funding will enable us to advance core R&D, work closely with customers to optimize for their specific use cases, and prepare for manufacturing.”
The funding milestone follows successful customer-funded lab tests, which demonstrated significantly improved performance in lithium-ion batteries using Sonocharge Energy’s acoustic wave technology. With its new headquarters in Silicon Valley, the company is poised to expand its team and fast-track the commercial deployment of its solutions, targeting collaborations with leading EV and battery manufacturers to extend battery range and performance.
Transforming Battery Technology with Acoustic Waves
Sonocharge Energy’s cutting-edge platform leverages acoustic wave-induced electrolytic motion to enhance battery safety, reduce costs, and improve charging performance. This revolutionary approach offers a scalable solution for e-mobility and energy storage applications, supporting the transition to cleaner energy systems.
About Sonocharge Energy
Sonocharge Energy, Inc. is a Silicon Valley-based tech company developing solutions to improve battery performance through innovative acoustic wave technology. Its advancements extend the lifespan of lithium-ion batteries, addressing critical needs in e-mobility and energy storage markets. Learn more at www.sonochargeenergy.com.
About Cycle Capital
Cycle Capital, founded in 2009, is a ClimateTech venture capital platform investing in sustainable innovation across North America and Europe. With a focus on electrification and renewable energy, the firm integrates ESG and impact assessments into its investment strategies. For more information, visit www.cyclecapital.com.
About Honda
Honda is a global mobility leader committed to achieving zero environmental impact and zero traffic collision fatalities by 2050. Through its Honda Xcelerator Ventures program, the company invests in groundbreaking technologies to drive innovation and sustainability. Visit www.honda.com for more details.
Source: Cision PR Newswire
Featured Image: Credit: Sonocharge
