Taiwan's solid-state battery unicorn ProLogium nets nearly $100m

ProLogium FLCB (flexible-type lithium-ceramic battery) Battery. Source: ProLogium Technology

Taiwan-based ProLogium Technology has closed nearly $100 million in a Series D round of financing, speeding up the company’s target to realize the mass production and delivery of solid-state battery packages for electric vehicles (EV) in 2021.

The Series D round was backed by investors including an industry investment platform of China’s automaker FAW Group, and Bank of China Group Investment, the Hong Kong-based investment management unit of Chinese state-owned Bank of China (BOC), said CVCapital in a WeChat post on Wednesday. The Chinese cross-border investment bank served as the exclusive financial adviser of the deal.

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