Why should you care? This spin-off from MIT is chasing down some serious renewable energy sources and Tata Motors is very interested.
Sun Catalytix Corp. has raised a $9.5 million “series B” round of funding led by none other than Tata Limited and Dr. Ralf Speth, CEO of Jaguar Land Rover, is joining the board. The company is a spin-off from Massachusetts Institute of Technology (MIT) and they’ve been attracting some serious seed money from the U.S. Government and Polaris Venture Partners.
“The funding secured in this round will enable Sun Catalytix to continue to move its technology forward and to deliver prototypes,” said MIT Professor and Sun Catalytix Founder Daniel Nocera. “We are delighted to have attracted Tata, a global and visionary company, as an investor and to have the continuing strong support of Polaris Venture Partners.”
As their name suggests, they’re developing catalysts made of earth-abundant elements that split water and generate hydrogen and oxygen from water to convert electrical, solar or wind energy to storable form at what they call “transformative cost targets.”
Could Land Rover be the first car company to incorporate such technology? Far too early to tell, but it’s nice to know they’re in the game.
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