# Feon Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/feon-energy

- Industry: Energy Storage & Batteries
- Headquarters: Woburn, US
- Website: www.feonenergy.com/
- Total disclosed funding: $8.1M
- Latest round: Seed (Feb 9, 2024)
- Investors on record: 6

## About

Founded in 2022 and based in Massachusetts, US, Feon Energy, Inc. develops new-molecule-based liquid electrolytes for lithium-ion and lithium-metal batteries. Wenxiao Huang (CEO) and Zhiao Yu (CTO) are the co-founders of the company. In June 2024, Feon Energy, Inc. raised USD 6.1 million in seed funding led by Fine Structure Ventures, including Eight Roads Ventures, Foothill Ventures, MassVentures, EPS Ventures, and Valkyrie Fund.

The company specializes in creating lithium-metal (Li-metal) batteries. The firm creates customized electrolyte molecules for each battery's specific requirements using a pharma-inspired molecular design platform. This technique produces non-flammable electrolytes, which improve safety and energy density. Feon Energy's Li-metal batteries possess no dendrite growth after extensive cycling.

The organization plans to use the June 2024 funding to expand its molecular discovery platform and expedite commercial interactions with key battery and automotive companies.

## Funding rounds

- Seed, Feb 9, 2024, $8.1M — Eight Roads Ventures, MassVentures, Foothill Ventures, Fine Structure Ventures, EPS Ventures, Valkyrie Fund

## Investors

- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Seed
- MassVentures (https://capitalatlas.ai/funds/massventures) — Seed
- Foothill Ventures (https://capitalatlas.ai/funds/foothill-ventures) — Seed
- Fine Structure Ventures (https://capitalatlas.ai/funds/fine-structure-ventures) — Seed
- EPS Ventures (https://capitalatlas.ai/funds/eps-ventures) — Seed
- Valkyrie Fund (https://capitalatlas.ai/funds/valkyrie-fund) — Seed