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US battery startup Estes Energy secures $11m seed funding
San Francisco-based Estes Energy Solutions has raised US$11 million in seed funding, the company announced on July 23, 2025.
The investment round was co-led by BMW i Ventures and Fortescue, with participation from New System Ventures and returning investor DCVC.
With a total of US$20 million raised to date, Estes plans to use the funds to complete its multi-chemistry battery pack platform.
This platform can use either nickel manganese cobalt (NMC) or lithium iron phosphate (LFP) cells.
The funding will also support the establishment of manufacturing operations in the United States.
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