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Sustrendlab Aims at Lithium Ion sector

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TPO Protocol
Sustrendlab, a Chilean firm specialising in research and development of innovative materials based on  industrial waste, plans to raise USD 5m through a minority stake sale to speed up its growth in the niche for lithium-ion batteries, CEO Bernardita Diaz said.

Lithium Ion Batteries from rCB

Valparaiso-based Sustrendlab plans to kick-start its fundraising strategy in January but has already been approached by Silicon Valley-based venture capital firm global accelerator Plug and Play as well as a few Latin American VC firms, Diaz said.

The company would like to close a deal in early 20...

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