Troutman Pepper advised HG Ventures, the corporate investment arm of The Heritage Group, in leading a $33 million Series B financing for Titan Advanced Energy Solutions. Titan uses ultrasound technology to provide intelligence on any battery’s state of health, state of charge, and safety profile. Read a press release from Titan about the investment.
The new capital will allow Titan to accelerate the industrial-scale deployments of its battery diagnostics and battery sensing/management technologies to drive safer and more efficient manufacturing, operation, and repurposing of lithium-ion batteries. The capital supports HG Ventures’ goal to back cutting-edge disruptors in sustainability, as Titan plans to use the capital to build a sustainable model of closed loop recycling for lithium-ion batteries.
In addition to advising on the deal, Troutman Pepper conducted IP diligence for HG Ventures. The Troutman Pepper team was led by Partner Thomas Dwyer and included Partners Michael Jones and Paul Steffens, and Associate Jake McDonough.