Cellex Battery Systems conclusion third funding round
Battery

Cellex Battery Systems conclusion third funding round

The funding round showcased robust participation from international investors

  • By ICN Bureau | January 25, 2024

Cellex Battery Systems announces the successful culmination of its latest funding round, marking a momentous stride in its mission to redefine the global energy storage landscape.

The funding round, facilitated by Melwani Finance Ltd-Mumbai, showcased robust participation from international investors deeply committed to advancing sustainable energy storage technologies. This resounding show of support underscores Cellex's commitment to addressing the critical global demand for reliable, high-performance, and eco-friendly energy storage systems.

"We are elated by the overwhelming response from both our existing and new investors, who share our vision for reshaping the energy storage industry," expressed Pramoth Madhavan, Cellex's CEO. "This funding injection will expedite our efforts in developing cutting-edge battery technologies that not only deliver high performance but also adhere to stringent environmental sustainability standards."


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