Mana raises $10.15M for anode-free, China-free sodium battery

What's the deal? ManaDealroom has a profile for this one. Try Dealroom →, a battery startup, raised $10.15 million through a convertible note to develop its anode-free, China-free sodium battery. The company had until this year relied on grants and a convertible note from pre-seed investors.

What's the endgame? Mana is building a sodium-based battery that avoids both a conventional anode and reliance on China-sourced materials. The design aims to sidestep the supply chains that dominate today's battery market.

The signal: The round reflects investor appetite for battery chemistries that reduce dependence on China, where much of the sector's materials and manufacturing are concentrated.

Read more: The Wall Street Journal

Image credit: Generated with Gemini