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NextStar Energy manufactures large-scale lithium-ion batteries, serving as Canada's primary producer of electric vehicle (EV) battery cells and modules. It employs advanced manufacturing processes to develop critical components for the automotive sector, directly supporting the expansion of electric mobility. The company's work establishes a robust domestic supply chain for high-performance battery technology in North America.
NextStar Energy was established in 2022 as a joint venture between Stellantis and LG Energy Solution. This partnership arose from the strategic insight to localize EV battery production, aiming to secure supply chains and foster regional manufacturing. Founders combined significant industry expertise in automotive and advanced battery development.
NextStar Energy supplies its advanced battery solutions to electric vehicle manufacturers. The company’s vision centers on powering the future of electric transportation through reliable, innovative battery technology. It aims to become a cornerstone of the North American EV ecosystem, contributing to the global shift towards sustainable energy and self-sufficiency.
NextStar has 1 tracked investment across 1 company. The latest tracked deal is $13.6M Series B in Sedona Systems in August 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 4, 2016 | Sedona Systems | $13.6M Series B | Yair Shoham | Bessemer Venture Partners |