Cadenza Innovation raises $2.75M as demand for clean energy grows
Hartford Business Journal
Cadenza Innovation Supercell-based batteries Cadenza worked on with automaker Fiat, a project that received funding from the federal ARPA-E program.
A Danbury-based company that develops lithium-ion batteries and energy storage systems has raised $2.75 million as the market for electric vehicles and grid storage continues to grow.
The company, Cadenza Innovation, was founded in 2012 by Swedish chemist and entrepreneur Christina Lampe-Önnerud.
The new funding will support “ongoing product development, sales, marketing, customer support and business operations activities,” said Lampe-Önnerud, the company’s CEO.
Cadenza has developed and patented a new type of low-cost, lithium-ion battery known as “The SuperCell,” which can power buildings and vehicles.
Cadenza was founded in Wilton, but moved into the former Union Carbide building in Danbury, known as The Summit, in 2022.
The growth-stage company has obtained funding from Connecticut Innovations, the U.S. Department of Energy and New York State. Also, China and Australia have licensed its technology.