Rincell Corporation has effectively obtained a seed funding round amounting to $1.2 million to expedite its objective of powering high-impact carbon emission products using advanced cell chemistries. The oversubscribed investment, spearheaded by NextGen Battery Chem Ventures LLC, helmed by renowned venture capitalist Sandiip Bhammer, represents a noteworthy achievement for the manufacturer specializing in cutting-edge battery cell chemistry.

Established in 2023 by Jignesh Parikh and Dr. Jagjit Nanda, Rincell Corporation prides itself on an exceptional team. Jignesh, serving as the CEO, brings a wealth of experience in business scaling and supply chain management, having held pivotal roles at American Lithium Energy, Hitachi, Intel and Western Digital. Expressing excitement about the collaboration, Jignesh commented, “We're thrilled to partner with Sandiip Bhammer… This investment empowers Rincell to expedite our goal of electrifying vital sectors”.

Dr. Jagjit Nanda, Rincell’s Chief Scientific Officer, known for groundbreaking work in battery technology research, emphasized the significance of the partnership, stating, “This collaboration with NextGen Battery Chem Ventures will expedite the introduction of our innovative battery chemistries to the market”. Reflecting on the investment, Sandiip Bhammer underscored their dedication to pioneering technologies, affirming, “Our investment in Rincell signifies our dedication to revolutionary technologies that are poised to transform global energy storage and supply”.