For the Future: Cyclic Materials secures $53m series B funding backed; Microsoft among investors
Toronto, Ontario — Cyclic Materials has successfully closed an oversubscribed US$53m series B equity round, the company announced on Wednesday. The funding round was led by ArcTern Ventures and supported by new investors: BDC Capital’s Climate Tech Fund, Hitachi Ventures, Zero Infinity Partners, Climate Investment and Microsoft’s Climate Innovation Fund. Existing investors Fifth Wall, BMW […]
Bécancour’s Boost: Two automotive players announce battery materials facilities in Quebec
Bécancour, Québec — Bécancour is about to become a central hub for Canada’s electric vehicle supply chain as two major automotive players announce plans to break ground in the province. German chemical company BASF announced on March 5 that it had bought land for a vehicle battery materials facility in Bécancour, Qué., where it said it […]
