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Reliance Industries and Paulson & Co led a $144m funding round in Ambri.

Synopsis

Reliance Industries, a conglomerate company, and Paulson & Co, an investment management firm, led a $144m funding round in Ambri, a startup company which aims to produce molten-salt batteries for energy storage. Additional investors included Bill Gates, Fortistar, Goehring & Rozencwajg Associates and Japan Energy Fund. "This financing supports the commercial growth of our company and technology," Dan Leff, Ambri's Executive Chairman.

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