OXIS Energy Limited is a leader in lithium-sulfur cell technology for high energy density battery systems, focussing on the aviation, defence and heavy electric vehicles markets (including buses and trucks).
Safran Corporate Ventures, alongside other investors including Arkema, and existing investor, Aerotec, have participated in a £6m funding round, taking the total capital raised to just under £24m. These investors join other key shareholders in the company, including Samsung Ventures, which invested in December 2016.
The capital raised will be used to commercialise and automate the process of mass production of rechargeable lithium sulphur cells/modules, using state of the art digital manufacturing machinery for worldwide distribution to vehicle manufacturers.
The Bristows corporate team involved in the transaction were:
- Partner, Matt Dennis
- Senior Associate, Charles Willison
- Associate, Samuel Munday
Senior Associate, Vikram Khurana, and Associate, Rob Powell, also advised on the commercial and IP aspects of the company’s entry into two joint development agreements with Safran and Arkema in conjunction with their investments.