Minority News
The world you see depends upon the news you get. ®
May 20, 2024
XCMG Machinery Unveils Groundbreaking ESG Report, Marking a Milestone in Sustainable Business Development   •     •   Federal, provincial and territorial ministers gather to support culture and heritage at annual meeting   •     •   L.A. Care and Blue Shield of California Promise Health Plans Unveil New, Vibrant Community Resource Center in Panorama City with  •     •   Red Door Community Raises more than $300,000 at Their Annual Luncheon Celebrating Women Working and Living with Cancer   •     •   The AZEK Company Receives NYSE Notice Regarding Filing of Form 10-Q for the Fiscal Quarter Ended March 31, 2024   •     •   Angels Helpers NYC 2024 Charity Gala Raises Funds for Harlem School of the Arts, Highbridge Voices   •     •   After Launching Massive Camp Giveaway for NYC Families Affected by "Summer Rising" Crisis, Brains & Motion Education (BAM!)   •     •   Statement by the Prime Minister on Tamil Genocide Remembrance Day   •     •   Avangrid to Be Acquired by Iberdrola   •     •   Dillard’s, Inc. Announces $0.25 Cash Dividend   •     •   Upneeq® Wins 2024 Shape Skin Award, “Best for Lift”, in the Professional Treatment Category   •     •   Sacred Heart Celebrates 125th Anniversary   •     •   SUNRATE joins Mastercard's Priceless Planet Coalition   •     •   Rockwell Institute Celebrates Highest Real Estate Exam Pass Rates for First-Time Test Takers in the State of Washington   •     •   Historic Bellevue House reopens   •     •   Historic Inaugural Class Graduates from OSU College of Osteopathic Medicine at the Cherokee Nation   •     •   HERImpact: Entrepreneurship for Impact Program Kicks Off in Chicago, Empowering Women Entrepreneurs   •     •   Xylem Inc. Declares Second Quarter Dividend of 36 Cents per Share   •     •   Aramco and Spiritus to Advance Direct Air Capture Technology, Investment by Aramco Ventures   •     •   Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08   •  
HOME SEARCH SUBSCRIBE CONTACT

Wisconsin Battery Company Announces $5 Million Investment

PORTAGE, Wis. , May 08 /Businesswire/ - Wisconsin Battery Company (WinBat™) has received an investment of $5 million from Infinite Power Systems (IPS), a private equity fund. With this investment, 87.5% of WinBat’s seed round has been funded. The company said it will use the funds for development of prototypes for its hemp carbon battery, produced in collaboration with the University of Wisconsin-Milwaukee, and for construction and buildout of its new manufacturing facility in Portage.

Created to develop and deploy ESG solutions, South-Africa-based IPS scouts technologies and resources that can advance sustainable solutions in agriculture, transportation, energy and other critical sectors.

WinBat will collaborate with IPS to identify business opportunities in the African market, providing technology and expertise while IPS leverages its network and financial resources to bring WinBat’s innovations in energy storage to its ventures in Africa.

“We see this as a very synergistic relationship,” said WinBat CEO Jeff Greene. “IPS’s portfolio offers us many opportunities for partnering with companies that are aligned with our goal of bringing products to market that are both better performing and better for the planet.”

“We have many subsidiaries and investments that will benefit from this synergy,” said IPS spokesperson Michael Iuliucci. “We will work with WinBat’s batteries, and WinBat has committed to producing those batteries in Africa, as well as sourcing the raw materials, including hemp. This kind of partnership advances our mission of bringing prosperity to communities active throughout the supply chain.” IPS is also currently investing in projects in Ghana and Nigeria.

About WinBat

Wisconsin Battery Company, a benefit corporation, is a research, development and manufacturing company focused on clean, renewable energy storage alternatives. As a benefit corporation, it includes positive impact on employees, the community, society at large and the environment in addition to profit as its legally defined goals.

About Infinite Power Systems

Infinite Power Systems is a South Africa-based private equity fund that invests in sustainable technologies and promotes ESG solutions throughout the African continent.