ELFA Mobile

Boston Financial & Equity Closes $3m Equipment Lease for Start Up Company

Posted 01/27/2022
Boston Financial & Equity recently closed a $3 million equipment lease line pari passu with a partner. The company based in California formed in May 2021 has raised a $20 million A round and is focused on the lithium ion battery manufacturing industry. Their process will allow EV Battery suppliers to reduce materials and manufacturing costs by shortening the lab production process by over 90%.  The company has an experienced executive team out of Stanford and Tesla and is in the process of building out their manufacturing facility. The $3m of equipment is critical to their buildout.
Author
Deborah Monosson
Organization
Boston Financial & Equity Corp.
Phone Number
6172672900