Financing Tracker: Funds raised down 83%
It was another tough month for battery material financings with equity market conditions making it practically impossible to raise equity capital. Only a few raisings got away and a large chunk of the money reported raised in the sector was debt or government grants rather than equity. Lithium accounted for 95% of funds raised in February and 78% of total funds raised so far this year. But that’s not saying very much, since funds raised are down 84% for the period, compared to 2019. Given the collapse in stock markets due to the CoronaVirus at the end of February and...