The worth of enterprise capital (VC) offers in superior batteries shot up by 850% year-on-year (YoY) in 2021 with give attention to lithium chemistries, based on GlobalData, an information and analytics firm.
Massive offers from VC traders are pushing ahead the superior batteries funding to a brand new excessive. The foremost focus of such offers is primarily to speed up the commercialization of lithium-powered batteries that exhibit excessive power density, superior efficiency, elevated security, and are cost-effective.
—Prasad Kakade, Senior Disruptive Tech Analyst at GlobalData
GlobalData’s newest FutureTech collection report, “Efficiency Meets Sustainability – Can Superior Batteries Facilitate Vitality Transition?”, highlights varied lithium-based battery startups trying to speed up the adoption of EVs.
China-based SVOLT manufactures lithium-ion batteries for EVs and power storage. In December 2021, it obtained $930 million from Sichuan Vitality Funding, Han’s Laser Know-how, and others to develop the manufacturing amenities and R&D facilities for its energy-dense and protected lithium iron phosphate batteries.
US-based SES (previously SolidEnergy Programs) produces energy-dense and cost-efficient lithium-metal batteries to energy the way forward for EVs and electrical vertical take-off and touchdown (eVTOLs). In April 2021, the corporate raised $139 million in a Sequence D funding spherical with participation led by the VC arm of Normal Motors and different traders together with Shanghai Auto, Temasek, Utilized Ventures, and Vertex. In July 2021, the corporate went public through a merger with a particular function acquisition firm (SPAC) Ivanhoe Capital.
US-based Strong Energy develops all-solid-state cost-efficient rechargeable lithium batteries catering to varied electromobility segments. In Might 2021, the corporate raised $130 million in an funding spherical led by the VC arms of BMW and Ford together with Volta Vitality Applied sciences. The financing was used to extend the manufacturing of its high-performance lithium-ion batteries and develop in-house manufacturing capabilities for future automobile integration.
