The startup develops lithium-ion battery technology that enhances performance through improved electrode materials and thermal management systems. Their batteries provide extended lifespans, faster charging times, and increased thermal stability, addressing the need for safer and more efficient energy storage in electric vehicles and consumer electronics.
Funding
$36.9M 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
Conventional lithium-ion batteries face limitations in cost, energy density, safety, operating temperature range, and recyclability, hindering the widespread adoption of electric vehicles and other e-mobility solutions. These limitations stem from the materials used and the manufacturing processes involved.
Solution
Innolith develops and licenses its I-STATE battery technology, a new class of inorganic battery electrolytes designed to overcome the limitations of conventional lithium-ion batteries. The I-STATE technology enables battery cells with lower material costs, higher energy density, improved safety due to its non-flammable electrolyte, a wider operating temperature range, and full recyclability of the electrolyte salt and solvent. This technology is compatible with existing and future supply chains, production equipment, and processes, allowing for faster adoption and scalability.
Target Audience
The primary target audience includes automotive OEMs, battery manufacturers, and other companies in the e-mobility, micro-mobility, e-truck, industrial, aerospace, agriculture, defense, and energy storage system (ESS) industries.
Features
- Achieves up to 300 Wh/kg energy density in full cell 21700 format, with a projected 320 Wh/kg.
- Reduces cathode material usage by approximately 20% per kWh, lowering battery costs.
- Enhances safety with a non-flammable electrolyte that reduces heat generation during thermal runaway by 40%.
- Operates in extreme temperatures, with 78% discharge capacity at -40°C and 85% charge capacity at -20°C.
- Features a fully recyclable electrolyte salt and solvent, promoting a circular economy.
- Enables fast charging capabilities, achieving 10-80% state of charge (SOC) in under 15 minutes.
- Demonstrates high power capability with >7C peak discharge for 10-second pulses at room temperature and 50% SOC.
- Designed for long cycle life, withstanding 1,100 cycles to 80% state of health (SoH).
- Compatible with existing dry-cell manufacturing processes.