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Boston Financial & Equity Closes $3MM Equipment Lease Line for Startup

January 27, 2022, 07:00 AM
Filed Under: Equipment Finance News

Boston Financial & Equity recently closed a $3 million equipment lease line pari-passu with a partner.

The company based in California, formed in May 2021, has raised a $20 million A round and is focused on the lithium ion battery manufacturing industry. Their process will allow EV Battery suppliers to reduce materials and manufacturing costs by shortening the lab production process by over 90 percent. The company has an experienced executive team out of Stanford and Tesla and is in the process of building out their manufacturing facility. The $3 million of equipment is critical to their buildout.

For more equipment finance industry news, visit Equipment Finance Advisor.

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