A CleanTech startup specializing in the manufacturing and development of environmentally-friendly rechargeable batteries may be on the brink of a fundraising milestone.
Nexus Power, whose batteries are created from agricultural leftovers, are said to be designed to have significant advantages over traditional options by charging faster, lasting longer and minimizing reliance on lithium.
In a podcast with RizingTV, in April 2024, Nikita Baliarsingh, Co-Founder & CIO of Nexus Power indicated that the company is in the process of raising its second round.
Baliarsingh remarks, "This would be used for a pilot line and we have almost closed on the paperwork. It's much bigger than the first round for sure".
While the specifics of the second round have not yet been disclosed, Baliarsingh shared insights into the financial history of Nexus Power.
