Li-S Energy has raised $20 million in capital in preparation for a planned IPO listing on the stock market to further its innovative battery technology.
The company, part of the PPK Group, raised the cash from sophisticated investors to support development of advanced batteries based on lithium sulphide chemistry and the group’s boron nitride nanotube (BNNT) technology as a component and protective insulating layer.
These technologies aim to improve battery cycle stability and energy capacity compared to current lithium-ion technology.
The capital raising places a nominal value of $300 million in Li-S Energy Limited.
LI-S Energy is collaborating in the development with its main shareholders PPK, Geelong’s Deakin University, and BNNT Technology Limited which will supply the nanotubes.
BNNT’s are similar in concept to carbon nanotubes but have different properties.
Picture: BNNT Technology
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