India-based conglomerate Tata has led the $9.5m series B round for Sun Catalytix, a US-based energy storage and renewable fuels company, in order to provide insights for its car making subsidiary Jaguar Land Rover.
Ralf Speth, chief executive of Jaguar Land Rover, has joined the board of Sun Catalytix, which has technology to split water and generate hydrogen and oxygen and hence renewably-generated electricity.
Venture capital firm Polaris Venture Partners, as well as unnamed others, filled out the remainder of the B round. Polaris provided the third tranche of seed money to Sun Catalytix in November.