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Sepion Technologies Secures $17.5 Million to Build Advanced Battery Separator Manufacturing Facility

Sepion Technologies Secures $17.5 Million to Build Advanced Battery Separator Manufacturing Facility

October 8, 2024 Craig Etkin

October 03, 2024 05:00 AM Eastern Daylight Time

ALAMEDA, Calif.–(BUSINESS WIRE)–Sepion Technologies, a leader in battery materials innovation, announces plans to build a cutting-edge lithium-ion battery separator manufacturing facility in the Capitol Innovation District, a 1 million square foot advanced biomanufacturing innovation district in the heart of West Sacramento. Backed by a $17.5 million grant from CALSTART and the California Energy Commission’s “PowerForward: ZEV Battery Manufacturing Grant Program,” the facility will address key supply chain gaps and bolster the domestic battery workforce—both of which are crucial for national security and the clean energy transition.

“We are excited to launch this transformative project to address the domestic battery separator supply gap with the support of the CEC and CALSTART”Post this

Battery separators face the largest domestic supply shortfall of all battery components. A recent McKinsey & Company report projects a 54% deficit in domestic battery separator supply by 2030. Sepion’s new facility will help bridge this gap, initially producing 50 tons of its proprietary polymer and 50 million square meters of coated separator annually—enough to power 50,000 electric vehicles. The company plans to scale production significantly over subsequent years after start of production, with the goal of becoming a leader in the separator market.

Sepion’s separator coatings are engineered to unlock outsized $/kWh savings by improving the durability of low-cost, manganese-rich cathodes. These coatings reduce the migration of transition metals from the cathode to the graphite anode, enhancing performance. Additionally, the coatings are thinner and lighter than standard options, offering both weight and space savings that translate into longer EV range. Importantly, these advancements come with competitive safety performance and full compatibility with existing battery cell manufacturing processes.

“We are excited to launch this transformative project to address the domestic battery separator supply gap with the support of the CEC and CALSTART,” said Peter Frischmann, CEO and Co-Founder of Sepion. “With this facility, we’re advancing the clean energy transition, creating jobs to solidifying California’s position as a leader in sustainable manufacturing, and showcasing how American battery innovation can scale from lab to factory.”

Sepion chose the Capitol Innovation District for their new site, citing proximity to the Port of West Sacramento and the Bridge District—an emerging neighborhood with housing and a vibrant lifestyle—as a key factor in their decision. The facility layout is in place, with production slated to begin in 2027, following the completion of Phase I construction and process validation of Sepion’s manufacturing line. Sepion is also partnering with local organizations to train a local high-tech workforce, ensuring safe, efficient operations and benefits to the local community.

This announcement follows a series of significant milestones for Sepion, including the company’s UN/DOT 38.3 safety certification, the introduction of a non-flammable electrolyte, and the opening of its pilot facility in Alameda, CA. The West Sacramento facility represents a major step toward closing the domestic battery separator supply gap, while supporting the broader goals of reducing greenhouse gas emissions, improving air quality, and promoting zero-emission vehicle adoption.

For more information, visit SepionTechnologies.com or follow us on LinkedIn.

About Sepion Technologies

Headquartered in Alameda, CA, Sepion Technologies is dedicated to sustainably powering the future with breakthrough battery products. Specializing in separator coatings and liquid electrolytes, Sepion’s innovations allow lithium-ion battery manufacturers to improve performance and reduce costs using existing infrastructure.

Contacts

Peter Frischmann
info@sepiontechnologies.com
www.sepiontechnologies.com

(c)2024 Business Wire, Inc., All rights reserved.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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