Recently, sodium-ion power battery supplier Natrium completed its A-round of financing amounting to hundreds of millions of CNY, which was expected to be used in capacity expansion and talent development.
On October 27, sodium-ion power battery provider Natrium Energy (hereinafter referred to as ‘Natrium’) (Chinese: 钠创新能源) announced the completion of its A-round of financing worth hundreds of millions of CNY, which was led by its old equity-holder Huaihai Group(Chinese: 淮海控股集团), followed by Anfeng Venture(Chinese: 安丰创投), Veken Technology (Chinese: 维科技术) and Ruiyuan Qiushi (Chinese: 珠海瑞元秋实). The fund will primarily be used for capacity expansion and talent development.
Natrium, founded in 2018 and based in Zhejiang, is a sodium-ion power battery developer mainly providing users iron based ternary material precursors, sodium ferrate-based ternary cathode materials, electrolytes for sodium-ion batteries, sodium-ion batteries and other products. As a leader in sodium power batteries, Natrium has made remarkable achievements in the core materials and cell manufacturing of sodium power batteries.
Both sodium-ion and lithium-ion batteries are used to store power temporarily. Compared to the lithium-ion battery, sodium-ion battery raw materials do not contain copper and cobalt, and the price is relatively lower. In addition, sodium resources are abundant, which is expected to replace the lithium-ion battery in the field of NEV partially.
In the future, Natrium will continue focusing on researching sodium-ion power battery technology and industry cluster building.