Xerotech Secures $44M in Funding to Revolutionize Industrial Electrification with Hibernium® Battery Technology

Xerotech, an award-winning battery technology company dedicated to addressing the critical challenge of industrial electrification, has successfully secured $44 million in new funding. This investment propels Xerotech closer to its mission of delivering a zero-emissions future by advancing its innovative Hibernium® battery pack platform. Hibernium® stands out by offering unparalleled customization to meet the unique requirements of various vehicles and applications, allowing OEMs and integrators to select their preferred energy content, operating voltage range, dimensions, and battery cell chemistry without any design or engineering costs, even for one-off prototyping projects. As the global push towards electrification intensifies, Xerotech positions itself as a pivotal player in revolutionizing heavy-duty machinery, providing solutions that were previously viewed as economically unfeasible. This fresh influx of capital will accelerate the development of their cutting-edge technology, expanding production capabilities, and enhancing their research initiatives. With a growing emphasis on sustainability and the need to reduce carbon footprints across industries, Xerotech's commitment to delivering viable electrification options for low-volume, high-diversity projects has never been more relevant. As they leverage this funding, Xerotech aims to further empower OEMs and Integrators, bringing electrification to sectors that have lagged in adopting cleaner technologies, and thus making a significant impact in the race towards a more sustainable and electrified industrial landscape.