Porsche Ventures has invested in South 8, a lithium-ion battery manufacturer located in San Diego, California.
It deal’s total value was not made public.
Use of funds
The money will be used by the business to increase operation5 s and development initiatives.
About South 8
Red by CEO Tom Stepien, South 8 is advancing the lithium-ion battery industry and propelling the e-mobility space. For next-generation EVs and other industrial applications, the business offers LiGas®, a liquefied gas electrolyte that enhances the energy performance of lithium-ion batteries. Supporters of the project include Taiyo Nippon Sanso, Porsche, Lockheed Martin, LG, Anzu Partners, and Foothill Ventures.
