Capital raisings down across the board in 2025
Unsurprisingly, given the turmoil in financial markets and the substantial changes in the US government funding environment, it hasn’t been the best start to the year for capital raising across the battery materials complex. The amount raised in Q1/25 was only US$3.3bn, which is down 55% y/y. With the pressure elsewhere in the supply chain, funds raised in the downstream have fallen significantly as well, with only US$8.4bn raised in cell manufacturing and c.US$20-25bn raised or allocated in electric vehicles. EV funding is down considerably after OEMs cut their spending allocations over the course of last year. But the inequality...
Topics
Batteries
Battery Materials
Capital
Debt
Equity
EVs
Financing
