Redflow welcomes Tesla to the battery market, as investors including Graeme Wood and Simon Hackett pour in another $16 million

Redflow has welcomed the entry of US electric car maker Tesla to the large-scale battery market, after investors poured an additional $16.1 million into the zinc-bromide module (ZBM) maker. The startup raised approximately $9.7million, along with a $6.4 million entitlement offer. The entitlement offer allowed existing shareholders to purchase one new share for every seven they already owned reports. Read more at SmartCompany