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KULR Technology Group talks though Q1 results, raises $55M to drive two key growth initiatives

KULR Technology Group talks though Q1 results, raises $55M to drive two key growth initiatives

KULR Technology Group CEO Michael Mo talks to Proactive about achievements the company made in its first quarter of 2022.

Mo tells Proactive while it was a challenging time for the group because of supply chain disruption issues resulting from COVID-19 lockdowns in China, he expects the group will soon make up for lost time and revenue as restrictions continue to ease. Mo adds that the group recently secured $55 million to drive two key growth initiatives: secure lithium-ion battery cells providing up to 500-megawatt hours of energy capacity, and bring its production capability to North America to shore up its supply chain.

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