# Enzinc

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enzinc

- Industry: Energy Storage & Batteries
- Headquarters: Richmond, US
- Website: www.enzinc.com
- Total disclosed funding: $8.3M
- Latest round: Series A (Dec 3, 2024)
- Investors on record: 2

## About

Founded in 2016 and based in California, US, Enzinc develops zinc-based batteries. In December 2024, Enzinc raised USD 8 million in series A funding led by investor TO VC, with participation from another investor American Century Investments. The firm as of December 2024, is led by its co-founder and CEO, Michael Burz.

Enzinc specializes in the development and manufacturing of zinc-based battery technology for high-power energy storage solutions. The company's core offering includes a drop-in anode that allows legacy battery manufacturers to produce superior zinc-based batteries with enhanced energy density, greater power output, and improved safety features compared to traditional lead-acid and lithium batteries. These innovations are aimed at several end-use cases, including urban electric vehicles, backup power systems for homes and businesses, telecommunications tower support, and grid-based storage solutions. Enzinc's products cater to a diverse client base, including battery manufacturers and automotive companies.

Enzinc's revenue model is built on partnerships with established battery manufacturers, allowing them to convert existing production lines for the creation of batteries utilizing Enzinc's technology. Transactions typically occur through direct sales agreements where manufacturers purchase Enzinc's proprietary components and technologies, integrating them into their production processes.

The company plans to utilize the December 2024 funding to increase manufacturing capacity, broaden collaborations, and introduce its zinc-based battery technology to the industry. The company also plans to launch new products aimed at expanding its offerings in energy storage solutions, targeting increased market presence in North America, Europe, and Asia by 2025.

## Funding rounds

- Series A, Dec 3, 2024, $8.3M — American Century Investments, TO VC

## Investors

- American Century Investments (https://capitalatlas.ai/funds/american-century-investments) — Series A
- TO VC (https://capitalatlas.ai/funds/to-vc) — Series A