Foley Hoag LLP represented Alsym Energy, a developer of
rechargeable batteries intended for applications such as stationary
storage, maritime shipping and electric vehicles, in its $78
million funding round jointly led by Tata Limited and General
Catalyst, with additional funding by Thrive Capital, Thomvest and
existing investor Drads Capital.
Alsym Energy will use the funds to grow its Boston-area team and
expand its prototyping and pilot lines to address increasing demand
for customer samples - reinforcing the growing interest in
high-performance, inexpensive non-flammable battery
technologies.
The Foley Hoag team representing Alsym Energy included attorneys
Mark Haddad, Jason Roche and Lexi Stacy.