Chris serves as chief executive officer at TSP Ventures and holds directorships at PES Technologies and DEScycle. He also acts as acting chair at Wastewater Fuels and trustee at The Adaptive Grand Slam.
Eos Advisory and Mercia Ventures led the round, which will fund pilot tests and relocation to a new Coventry facility.
"While we’ve kept our most exciting breakthroughs in stealth, this funding will help us enhance the performance of sodium-ion batteries and bring the benefits to a mainstream audience. Watch this space"
The funding round was co-led by TSP Ventures and Boast Trading to help establish the company's first commercial pilot plant.
"Our unique ionic liquid platform can create nanoparticles tuned for high performance in high-value applications. With the same platform, we can recover valuable raw materials from waste sources and mineral ores,"
— Francisco Malaret, Co-Founder and Chief Executive Officer
The financing round was backed by strategic e-mobility funds to accelerate the development of sodium battery technology.
"On behalf of our entire team, I am delighted to announce the completion of this pre-seed fund raise and would like to thank our expert strategic investors for their vision and full support. Our quasi-solid-state sodium battery offers significant cost, sustainability, and safety benefits for the BEV industry. TaiSan’s novel electrolyte and anode innovations will bring this chemistry to the next level – batteries becoming smaller, lighter, with best-in-class energy density, and major cost savings too. Our new investment will allow us to ramp-up development and we will be announcing some game-changing results in the very near future. Watch this space."
The financing was led by TSP Ventures to support the commercial rollout of the company's soil testing technology.
"This funding builds on the successful commercial trials PES carried out with large agronomy companies and farm businesses in 2022. It enables PES Technologies to complete product development, power product launch in 2024 and hire the key commercial and administrative staff needed to turn our potential into a commercial success story."
OnePlanetCapital led the pre Series A round with participation from L-Stone Capital, Brookstreet Equity Partners, Deeptech Labs, TSP Ventures and Metavallon VC to fund overseas growth and team expansion.
"We are thrilled to announce this latest round of funding. Not only will the new investment help us grow worldwide, it will also enhance our product offering and further develop and expand our existing products."