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Energy Tech Series A Founded 2016

The Batteries

The Batteries is an innovative battery manufacturing company developing thin film battery technology at a reasonable cost. The company's novel production approach uses thermal evaporation in high-density plasma instead of magnetron sputtering, and uses less expensive powder forms of materials instead of ceramic targets. This enables batteries with more than double the energy density of conventional lithium-ion…

📍 Rzeszow, Poland · Energy Storage Tech

Funding snapshot

Last roundSeries A
Amount$3M
Date6 March 2022
Total raised$11M

About

The Batteries is an innovative battery manufacturing company developing thin film battery technology at a reasonable cost. The company's novel production approach uses thermal evaporation in high-density plasma instead of magnetron sputtering, and uses less expensive powder forms of materials instead of ceramic targets. This enables batteries with more than double the energy density of conventional lithium-ion batteries, excellent durability in aggressive environments, and quick charging with no fire or explosion risk. The thin-film cell design features high-crystallinity cathodes, lithium anodes, and minimal or absent separators. The company has received funding from the European Union's Horizon 2020 research and innovation programme and has over 15 years of experience in continuous flow manufacturing using thin-film technologies. Founded in 2016, headquartered in Rzeszow, Poland, The company has raised $10.9M at the Series A stage, backed by investors including EIC Fund, Meta Ventures, JR HOLDING, Europa, JR HOLDING ASI..

Business model

Energy Storage Tech > Battery > Secondary Battery > Lithium Ion > Solid

Institutional investors

EIC Fund Meta Ventures JR HOLDING Europa JR HOLDING ASI

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