EnerVenue, a startup that has developed an alternative to lithium-ion batteries for long-duration renewable energy storage, is raising $515 million in fresh equity, per an SEC filing seen by TechCrunch.
The company is in the process of building a gigawatt-scale factory in Kentucky to produce its nickel-hydrogen batteries, an endeavor that’s estimated to cost $264 million.
So far, EnerVenue has raised $308 million of the $515 million target, the filing says.
Nickel-hydrogen batteries aren’t as energy dense as lithium-ion, meaning they won’t be competing for space in electric vehicles quite yet.
The next challenge will be completing the factory, scaling production and sending its novel batteries out into the world.
India-based audio platform Pocket FM has secured $103 million in Series D funding led by Lightspeed Ventures with participation from Stepstone Group.
Pocket FM offers audio series with several short episodes and aim to become the “Netflix for audio” globally.
That means you can’t use the coins you bought on Pocket FM to unlock content Pocket Novel products and vice versa.
Pocket FM also has a limited audiobook vertical where it competes with the likes of Audible with a similar pay-to-unlock strategy.
Abu Dhabi’s sovereign wealth fund ADIA has held talks with Pocket FM for a potential mega funding round, TechCrunch reported last week.
Zora co-founder Jacob Horne and Goens see crypto and AI as two complementary technologies that can benefit from one another.
“Crypto wants information to be on-chain so that it can be valued and add value to the system,” Goens said.
“And then AI wants information to be on-chain so that it can be freely accessed and utilized by the system.
“We need systems that can help bring all of these things on-chain and that’s what we’re trying to do at Zora,” Goens said.
This means these AI creators have the ability to capture value from their models’ outputs when people mint them and the payouts are split in half automatically.
Biotech startup SynFlora brought an enticing pitch for a new type of skin treatment technology to 4YFN at the MWC tradeshow in Barcelona this week.
The Spanish startup, whose three co-founders all have PhDs, is working to improve understanding of the skin’s microbiome and engineer skin microbes with the goal of enabling more targeted and novel therapeutics.
Including things that range well beyond what we might consider skincare.
), per Knōdlseder, or even vaccines and anti-inflammatory treatments.
But the co-founders suggest they could be between one to three years away from their novel system powering a new generation of skin-delivered therapeutics.
