US-based startups Torus and Alysm Energy have raised a combined US$145 million to scale up their non-lithium energy storage technology businesses.
Utah-headquartered Torus has raised US$67 million in new equity, conversion of outstanding notes and a loan facility in a round led by Origin Ventures with participation from Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion and ICONIQ.