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Australian Financial Reviewafr.com

Battery tech play Novonix launches capital raising (opens original article in a new tab)

TL;DR

Novonix, a Tennessee-based battery tech company, has initiated a $23.7 million capital raise to meet demand from its major client, Panasonic Energy.

  • Novonix launches $23.7 million capital raising
  • Key customer Panasonic Energy drives the funding
  • Riverside facility in Chattanooga, Tennessee
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