Octet Scientific develops proprietary specialty chemicals for zinc-based batteries, aiming to provide a safer, nontoxic, and sustainable alternative to lithium-ion and lead-acid. Led by founder and CEO Onas Bolton, the company is commercializing its first large product line and is executing scale-up. Its chemical products are currently being sold and tested at small volumes to battery manufacturers in the US, Canada, Japan, Europe and Australia. Octet targets applications such as backup power for data centers and grid storage to support renewable energy. The company raised funds to support its near-term operations and scale-up activities through 2024.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2023