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LiNova Energy Gets $15.8M

Monrovia-based LiNova Energy said this morning that it has raised $15.8M in a Series A financing round. The funding was led by Catalus Capital, and also include Saft, a subsidiary of TotalEnergies, Chevron Technology Ventures and a syndicate of other, un-named investors. LiNova says it is working on polymer cathode batteries for the energy storage market. Michael Nagus is CEO of LiNova Energy.