Group1 Launched, EnergyX Got $450M, and More Austin Tech News

August 1, 2022
Group1
Photo: Group1 / LinkedIn

Wrapping up the month of July, local tech companies raised funding rounds and launched new innovations. Catch up on the latest Austin tech news with the Built In Austin Weekly Refresh.

EnergyX got $450MWorking to develop next-gen lithium batteries, EnergyX raised funds from Global Emerging Markets. EnergyX also builds technology for lithium extraction, processing and refinement. The Austin-based company is actively hiring for several roles across various departments. [Built In Austin]

Austin Tech Quote of the Week

“Every decision we’ve made has been relentlessly focused on this problem and it’s exciting to see this approach yielding results with more than 30 different impact-forward use cases already live or approaching launch.” — Chris Georgen, Topl’s founder and managing director

Topl raised $15M. The Austin-based startup developed a blockchain protocol that tracks and monetizes a company’s environmental, social and governance (ESG) efforts. The Series A round, co-led by Mercury, Republic Asia and Cryptology Asset Group, will be used to further Topl’s growth and launch at least 100 applications within the next year. [Built In Austin] 

Group1 launched. Group1 recently emerged from stealth and develops next-generation battery technologies. The company said it aims to make Austin the battery capital of the world. It also raised a funding round in late July for an undisclosed amount. [Austin Inno]

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