Battery-maker ZincFive Inc. has raised $33 million, according to a new securities filing.
A Form D filed with the Securities and Exchange Commission on Wednesday reported the investment as equity, with the first sale on March 30 and $32,999,997 sold in an offering of $35 million.
The company, based in Tualatin, wasn’t immediately reachable for comment.
ZincFive makes rechargeable nickel-zinc battery systems that provide emergency backup power, a category known as uninterruptible power supply.
Billed as a better alternative to lead-acid and lithium-ion batteries, ZincFive batteries made initial inroads in traffic control systems. But the company has more recently developed products aimed at data centers.
A year ago, when the company closed a $13.1 million Series C round, CEO Tim Hysell said ZincFive saw data centers as “well over a $100 million opportunity for us within the next couple of years.”
