Magnis secures funding to progress New York battery production 

MAGNIS Energy Technologies’ consortium Imperium3 New York has signed a term sheet for US$52 million in funding via a pre-issued European bond to fund renewable energy projects. 

Magnis secures funding to progress New York battery production  Magnis secures funding to progress New York battery production  Magnis secures funding to progress New York battery production  Magnis secures funding to progress New York battery production  Magnis secures funding to progress New York battery production 

Company receives US$52M 

 
This puts it on the path for battery production after doing the heavy lifting last year of buying a battery factory in North Carolina at a fire sale rate then moving it to New York and