Cellex Battery Systems Announces Successful Conclusion of Latest Funding Round
- ByStartupStory | January 25, 2024
Cellex Battery Systems, a leader in the energy storage sector, has proudly announced the successful conclusion of its latest funding round. The funding round, facilitated by Melwani Finance Ltd-Mumbai, saw strong participation from international investors committed to advancing sustainable energy storage technologies.
“We are elated by the overwhelming response from both our existing and new investors, who share our vision for reshaping the energy storage industry,” expressed Pramoth Madhavan, Cellex’s CEO. “This funding injection will expedite our efforts in developing cutting-edge battery technologies that not only deliver high performance but also adhere to stringent environmental sustainability standards.”
The funding will accelerate Cellex’s research and development initiatives, driving the advancement of its portfolio of next-generation batteries. Additionally, it will enable the scaling up of production capabilities and the formation of strategic partnerships to promote the widespread adoption of Cellex’s innovative energy storage solutions.
Cellex stands at the forefront of innovation, utilizing state-of-the-art materials and engineering expertise to redefine energy storage solutions. The company extends its gratitude to its investors, partners, and dedicated team members for their commitment and expertise, which continue to drive its success. Cellex remains steadfast in its mission to revolutionize energy storage, contributing to a greener and more sustainable future for generations to come.
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