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.

READ ON:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

August 2023
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031