<ul><li>Battery cathode active materials (CAM) startup ACT-ion Battery Technologies has raised $7.5 million in a pre-Series A funding round.</li><li>The funding round was led by BASF Venture Capital, with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures.</li><li>ACT-ion plans to use the funding to fast-track its CAM production technology and establish an operational pilot facility by 2025.</li><li>The company aims to address the need for cost reduction and increased production throughput in CAM production to enhance battery performance and cycle life.</li></ul>

Cathode active materials startup ACT-ion raises $7.5 million in funding round

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