Zinc8 In The Media

Zinc8 lands $15 million in equity financing

Zinc8 lands $15 million in equity financing

Business Intelligence
February 26, 2021

A Vancouver clean-energy startup that is developing a zinc-based hybrid flow battery for large-scale electricity storage has secured $15 million in equity financing to help it get to commercialization.

Zinc8 Energy Solutions has closed on a $15 million private placement led by Raymond James Ltd. and Haywood Securities – it’s largest equity raise yet.

The company is issuing 28,750,000 common shares at $0.54 per share. The company plans to use the investment for further research and development needed to commercialize the company’s patented zinc air battery system.

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