Chile-based SolarBio Energy secured a huge investment from major Asian private equity companies at the beginning of the year from its seed round of funding which totalled a US $17 Million Round and is now looking at a new round of funding with a target of US $90 Million.

he investment will help to fund the development of new solid-state lithium batteries that could potentially not only deliver twice as much energy for their size, but also could virtually eliminate the fire hazard associated with today’s lithium-ion batteries.

he investment will help to fund the development of new solid-state lithium batteries that could potentially not only deliver twice as much energy for their size, but also could virtually eliminate the fire hazard associated with today’s lithium-ion batteries.

While amid a volatile ICO market often plagued by fraud and illegitimacy, SolarBio has been able to demonstrate to its institutional investors a unique framework of self-governance in addition to government regulations and processes imposed upon the waste and energy industries collectively.

“With a global plan to scale this localised solution addressing the waste surplus and the energy shortfall crisis, SolarBio will not only revolutionise the energy sector but also provide a whole new scope of products for the technology industry with longer-lasting and safer batteries and storage,” said the COO at SolarBio.