November 21, 2024 5:24 pm
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Battery startup plans groundbreaking for Tucson ‘gigafactory’

Photo Courtesy American Battery Factory

By David Wichner | Arizona Daily Star

A Utah-based advanced battery startup is looking to break ground in October on a factory in Tucson, after announcing a major round of funding from development partners.

American Battery Factory Inc., plans to initially hire about 300 workers and may eventually employ up to 1,000 to make lithium-iron phosphate battery cells. It has raised “significant development capital” to build out its first plant south of the airport, the company announced Monday.

The investment round was led by Utah-based Lion Energy, a maker of portable battery packs and energy-storage systems and an initial investor that helped launch the battery startup in 2021.

Other investors in the fundraising round include hybrid manufacturing partner FNA Group, a Wisconsin-based maker of electric and gas pressure washers and related equipment, as well as an unnamed battery-cell equipment manufacturing company.

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