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Sonocharge Energy has successfully raised $23.5 million in a financing round led by Cycle Capital, with participation from Honda and existing investors Khosla Ventures and Temasek. The funding aims to accelerate the commercialization of Sonocharge’s innovative battery technology, which extends battery life, enhances charging speed, and improves safety. The company plans to expand its team, enhance R&D, and scale operations to meet the growing demand for advanced battery solutions.
Key Highlights
- Funding Details: The $23.5 million financing round was led by Cycle Capital, a ClimateTech venture capital firm, with additional backing from Honda, Khosla Ventures, and Temasek.
- Technology Overview: Sonocharge’s breakthrough acoustic wave technology improves battery charge cycle life, safety, and efficiency, offering significant benefits for electric vehicles (EVs) and energy storage systems.
- Corporate Support: Honda’s participation reflects its commitment to advancing sustainable mobility, with plans to integrate Sonocharge’s technology into EVs for reduced environmental impact.
- Expansion Plans: The funding will enable Sonocharge to expand its Silicon Valley team, refine its technology for specific use cases, and prepare for manufacturing.
Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital, emphasized the importance of this investment: “We’re thrilled to partner with Honda, Khosla Ventures, and Temasek to support Sonocharge Energy’s growth. The company exemplifies how technology can facilitate electrification by improving battery performance and scaling deployment.”
Honda’s Managing Executive Officer, Manabu Ozawa, highlighted the company’s enthusiasm: “Sonocharge’s acoustic wave technology aligns with Honda’s goals of reducing environmental impact and enhancing EV user convenience. Through Honda Xcelerator Ventures, we aim to collaborate with innovative companies like Sonocharge.”
Sonocharge CEO An Huang expressed gratitude to the investors, noting their invaluable support: “This funding enables us to advance core R&D, optimize solutions for customers, and accelerate commercial deployment with EV and battery manufacturers.”
The funding announcement follows successful lab tests demonstrating significant performance improvements in lithium-ion batteries using Sonocharge’s technology. As the company scales, it aims to redefine battery performance in e-mobility and energy storage applications.
For more information, visit www.sonochargeenergy.com.
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