Mana Battery, a US-based developer of sodium-ion battery technology, has raised $10.15 million in seed financing led by Voyager Ventures, with participation from Union Square Ventures and Buff Gold Ventures.
The financing includes approximately $1.85 million in grants and other non-dilutive funding. The company has secured $14.1 million in total financing to date, according to co-founder and CEO Tyler Evans.
Founded in 2023 in Colorado by Tyler Evans, Nicholas Singstock and Chunmei Ban, Mana Battery develops high-energy, anode-free sodium-ion battery cells and proprietary electrolyte formulations. Evans serves as President and CEO, Singstock as CTO, and Ban as Chief Scientific Advisor.
The company’s battery technology is designed to provide an alternative to conventional lithium-ion systems by using sodium and other widely available materials. Its anode-free architecture removes the conventional anode active material during cell assembly, with the sodium anode forming during initial operation.
Mana Battery is developing battery cells and electrolytes for applications including defense, aerospace, industrial backup power, data centers, stationary energy storage and electric vehicles. The company aims to reduce battery production costs and dependence on concentrated critical-mineral supply chains.
The new capital will support continued battery chemistry development, engineering, manufacturing scale-up and commercial deployment activities. Mana is pursuing a manufacturing strategy involving established battery producers while developing its electrolyte technology as a standalone commercial product.
In August 2026, Mana Battery announced a joint development agreement with Saft, a subsidiary of TotalEnergies. The companies are collaborating to develop, validate and advance anode-free sodium-ion batteries for defense, aerospace, rail, data center and industrial applications.
Mana Battery previously completed a pre-seed financing round in 2024. Its development milestones include prototype sodium-ion cells and the expansion of electrolyte production capabilities. The latest financing will support further development as the company works toward larger-scale battery manufacturing.
