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Brisbane startup Pure Battery Technologies has raised $1.74 million to commercialise University of Queensland-developed technology to improve the production of batteries for electric vehicles.

The technology enables the nickel and cobalt minerals required for making batteries to be more easily extracted, and then converted into the components quickly and cheaply.

The technology has been in development at the university since about 2011, however, the startup was launched to start commercialising it in November 2017, when researchers William Hawker and James Vaughan brought new chief executive Bjorn Zikarsky on board.

 

Source: Battery startup born out of University of Queensland raises $1.74 million to fuel rapid growth plans – SmartCompany