South 8 Technologies Raises $12M in Series A Funding
South 8 Technologies, a San Diego, California-based developer of electrolyte formulations for next-generation lithium batteries, raised $12M in Series A financing. The round was led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC). The funding will be used by the company to accelerate commercialization of its patent Liquefied Gas Electrolyte.®) technology for high-performance batteries for electric vehicles, grid storage, aerospace, and defense applications. Cyrus Rustomji Ph.D. is the CEO of South 8. He has developed LiGas electrolyte tech that addresses both the deficiencies and strengths of current liquid electrolytes as well as solid-state batteries. Non-toxic LiGas technology uses solvents normally found at standard pressure and room temperatures, but may be liquefied and used in the cell as an electrodelyte. With these benefits, South 8’s LiGas electrolytes can address an entirely new class of batteries for emerging market applications such as electric vehicles, all-weather grid storage, defense, renewable energy, aerospace, and more. South 8 Technologies started operations in 2016 after being spun-out from UC San Diego. The founding team of South 8 Technologies developed the breakthrough Liquefied Gas Electrolyte.®) chemistry for next-generation lithium batteries.