The startup develops all-polymer lithium-ion batteries designed for large-scale energy storage in renewable energy systems, such as wind and solar power. These batteries offer high energy density and enhanced safety, enabling efficient management of distributed energy resources while reducing costs for enterprises.
Funding
$72.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current lithium-ion battery technology relies on metal materials, which can lead to thermal runaway and safety concerns in large-scale energy storage applications. Traditional manufacturing processes for these batteries are complex and costly, hindering the widespread adoption of renewable energy systems.
Solution
APB develops all-polymer lithium-ion batteries that eliminate the use of metal materials, enhancing safety and preventing rapid temperature increases during short circuits. The company's unique bipolar stacked cell structure achieves high volumetric energy density, enabling efficient energy storage. APB's simplified manufacturing process reduces the number of components and production steps, leading to lower costs compared to conventional lithium-ion batteries. The batteries' resin-based construction allows for flexible shape design, providing optimized solutions for various applications.
Target Audience
The primary target audience includes enterprises involved in renewable energy generation and storage, as well as industries requiring safe, high-density battery solutions for diverse applications.
Features
- All-polymer construction eliminates metal components, enhancing safety and preventing thermal runaway.
- Bipolar stacking enables high volumetric energy density.
- Simplified manufacturing process reduces production costs.
- Customizable shapes to fit various applications.
- Suitable for large-scale energy storage in renewable energy systems, including wind and solar power.
- Applicable in factories, streetlights, apartment buildings, schools, data centers, communication base stations, medical facilities, elevators, forklifts, AGVs, construction machinery, e-bikes, electric motorcycles, electric vehicles, railways, and shipbuilding.