DayLyte Batteries is commercializing a Metal-air (M-Air) battery that significantly increases energy density while reducing weight and cost through the use of abundant materials. This technology addresses the impending scarcity of nickel and cobalt for lithium-ion batteries, enabling more affordable electric vehicles and facilitating the viability of drone delivery and electric air taxis.
Funding
$20K 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
Lithium-ion batteries rely on scarce materials like nickel and cobalt, which are projected to be depleted within the next decade due to the increasing demand for electric vehicles and renewable energy storage. The limited availability and high cost of these materials hinder the widespread adoption of electric vehicles and threaten the viability of renewable energy solutions.
Solution
DayLyte Batteries is developing a metal-air (M-Air) battery technology that utilizes abundant materials to significantly increase energy density while reducing weight and cost compared to traditional lithium-ion batteries. This approach addresses the impending scarcity of critical materials, enabling more affordable electric vehicles with extended range and facilitating the development of drone delivery systems and electric air taxis. By leveraging readily available resources, DayLyte aims to provide a scalable and sustainable energy storage solution for various applications. The company is currently working with Oak Ridge National Laboratory to complete a prototype, conduct long-term life testing, and initiate pilot-scale production.
Target Audience
The primary target audience includes electric vehicle manufacturers seeking to reduce battery costs and increase vehicle range, as well as companies developing drone delivery systems and electric air taxis requiring lightweight, high-energy batteries.
Features
- Metal-air chemistry utilizing abundant materials to avoid reliance on scarce resources like nickel and cobalt
- Increased energy density compared to lithium-ion batteries, enabling longer range for electric vehicles
- Reduced battery weight, improving the performance and efficiency of electric vehicles, drones, and electric air taxis
- Lower production costs due to the use of readily available materials
- Scalable manufacturing process for mass production of metal-air batteries