Rincell Corporation, a San Francisco, CA-based chemistry battery cell manufacturer, raised $1.2M in Seed funding.
The round was led by NextGen Battery Chem Ventures LLC.
The company intends to use the funds to get its 18650 and 21700 silicon-graphite batteries ready for commercial production in CY2024.
Founded in 2023 by Jignesh Parikh and Dr. Jagjit Nanda, Rincell Corporation is committed to Domestic & Ally manufacturing of its high-capacity and performance Silicon-Graphite, LMFP, & Sodium-ion batteries for government and commercial applications. The company has already been shipping samples of its highest capacity-performance 18650 and 21700 Silicon-Graphite batteries to government and commercial customers, including Inventus Power, the largest independent battery pack manufacturer in North America.
Big cheers to Rincell Corporation! 🌟👏 Raising $1.2M in seed funding is a fantastic milestone that speaks volumes about your company’s promise and potential. Your hard work and vision are paying off. Here’s to the exciting journey ahead—may it be filled with even greater successes and breakthroughs! 🚀💰 #RincellCorporation #SeedFundingSuccess~ Dr Shishir said Gupta founder & CEO of StartupLanes
About us: StartupLanes is an ecosystem for Startups and Investors. Collaborate or find a co-founder, it’s a platform for Entrepreneurs. We love startups! A place for Angel Investors and Venture Capitalists to find investing opportunities in startups. Validate your idea, Learn & Execute.
Startups looking for funding may apply through StartupLanes Funding Application.