The renewable energy battery developer, an MIT spinout, raised funding that will be used to expand its manufacturing capabilities.

Ambri, a US-based developer of grid battery technology spun out of Massachusetts Institute of Technology (MIT), raised $144m in financing on Monday. The round was co-led by investment management firm Paulson & Co and Reliance New Energy Solar, a subsidiary of diversified conglomerate Reliance Industries. It included Fortistar, Goehring & Rozencwajg Associates, Japan Energy Fund…

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