Leading independent law firm, Johnson Winter Slattery, has advised India-based Himadri Speciality Chemical Ltd (Himadri) as lead investor on the $22m Series A fundraise by Sicona Battery Technologies Pty Ltd (Sicona).
Sicona is a Wollongong based battery-technology company that has developed an innovative silicon-composite anode technology that enables electric mobility and storage of renewable energy in lithium-ion batteries. Critical to supporting the global transition to renewable energies, Sicona’s composite anode technology delivers 50% - 100% higher capacity than conventional batteries. Sicona intends to produce and sell high performance active anode and binder materials into the fast-growing global battery market.
The investment will accelerate product and technology development for Sicona and will help to expedite the commercial development of its technology, including into the US.
The JWS team was led by corporate partner Andrew Turner with assistance from senior associate Rebecca Proudman.
Andrew commented, “We are delighted to have assisted Himadri on this transaction, its first investment in Australia. This investment will assist Himadri’s vision to become a global leader in speciality carbon products by adopting appropriate eco-friendly technologies.”
About Johnson Winter Slattery
Johnson Winter Slattery is a leading independent Australian law firm with over 80 partners and 6 offices across Australia. We advise major corporates, funds and governments on their most challenging transactions and disputes.
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