Purple Elephant Ventures
Seed Round in 2025
Purple Elephant Ventures is a venture studio established in 2020 by Ben Peterson, Jan van De Willebois, and Mikul Shah. The firm focuses on launching three to four start-ups annually that aim to enhance sustainable travel and tourism, particularly in Africa. By supporting innovative startups, Purple Elephant Ventures seeks to leverage the economic potential of tourism to protect and develop Africa's natural capital. The company is dedicated to helping tourism industry clients in Africa expand their operations and realize their growth potential.
Eos develops innovative, low-cost energy storage solutions for the electric utility, solar, and C&I industries. Its battery solutions ensure renewables are as reliable and competitive as the market expects and sustainable as the world needs.
ZincFive, Inc. is a manufacturer of nickel-zinc batteries and associated energy storage solutions, specializing in uninterruptible power supplies for mission-critical applications across various industries, including data centers, intelligent transportation, and motive power. Founded in 2015 and based in Tualatin, Oregon, with a development center in Shenzhen, China, the company focuses on delivering high power density and performance while ensuring superior safety and environmental benefits compared to traditional lead-acid and lithium-ion batteries. ZincFive holds 74 patents and has 29 patents pending, reflecting its commitment to innovation within the energy storage sector. Formerly known as EnSite Power, Inc., ZincFive changed its name in September 2016, and it was previously a subsidiary of Blue Earth, Inc.
Ion Storage Systems
Series A in 2022
ION Storage Systems, LLC specializes in the manufacture of solid-state lithium-ion batteries, targeting industries such as defense, aerospace, consumer electronics, and electric vehicles. Established in 2015 and based in College Park, Maryland, the company focuses on developing batteries that are energy dense and safe for diverse applications. Their innovative solid-state battery technology features a design consisting of two sponges on either side of a thin ceramic separator, utilizing low-cost, non-flammable materials. This approach not only enhances safety but also ensures the batteries are lightweight and compact, making them suitable for various environments and mission-critical needs.
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