Silatronix, which develops organosilicon materials for use in lithium-ion batteries (LiB), has raised $8 million in equity capital, the organization announced recently.

“The path to large scale commercialization at Silatronix is increasingly visible,” Silatronix CEO Mark Zager said in a statement. “We are helping the market develop batteries with improved safety, performance and stability. The Silatronix management team and employees are invigorated by our recent developments.”

According to a release, the capital came from existing investors as well as Hitachi Chemical Co., Ltd and Inabata & Co Ltd., two partners in Japan with strong business interests in the LiB market.

The funds will allow the company to capitalize on the commercial value of its portfolio of organosilicon materials in the LiB market.