Battery Startup Gets Funding to Develop Cobalt-Free Products

Conamix, an Ithaca, New York-based battery-technology startup, raised $2 million from investors including an Exelon Corp.-backed company focused on innovations in energy storage.

The Series A funding is part of an $8 million commitment from Volta Energy Technologies and another backer, according to Conamix Chief Executive Officer Charles Hamilton. The company is developing cobalt-free electrode materials for lithium-based batteries.