Statevolt manufactures lithium-ion batteries using a hyperlocal supply chain that sources geothermal energy and critical minerals from local resources, ensuring a sustainable production process. The company addresses the need for domestic battery production by building one of North America's largest Gigafactories, capable of producing 54 GWh of battery capacity to support the growing electric mobility and energy storage markets.
Funding
Funding not disclosed
Founders
Product
Problem
The increasing demand for electric vehicles (EVs) and energy storage systems (ESS) requires a significant expansion of domestic lithium-ion battery production capacity and a more secure, sustainable supply chain for battery materials. Current battery manufacturing processes often rely on long, complex supply chains and may not prioritize environmental sustainability or community impact.
Solution
Statevolt is establishing a large-scale Gigafactory to manufacture lithium-ion batteries for electric mobility and energy storage applications, utilizing a hyperlocal supply chain model. The company aims to source both geothermal energy and critical minerals, such as lithium, from local resources to minimize environmental impact and ensure a resilient supply chain. Statevolt's modular manufacturing approach allows for the production of various lithium-ion battery cell technologies, adapting to evolving client needs and technological advancements. The Gigafactory is projected to have a battery production capacity of 54 GWh, enough to supply approximately 650,000 electric vehicles annually at full capacity. This approach fosters local economic growth by creating jobs and strengthening the regional workforce.
Target Audience
Statevolt's primary customers include electric vehicle manufacturers, energy storage system integrators, and industrial machinery companies seeking domestically produced, sustainable lithium-ion batteries.
Features
- Scalable production of lithium-ion batteries for EVs, ESS, and industrial machinery
- Hyperlocal supply chain sourcing lithium and geothermal power from regional resources
- Modular and technology-agnostic manufacturing lines adaptable to different battery chemistries
- Gigafactory engineered for energy and resource efficiency with closed-loop production processes
- Commitment to minimizing site scrap and recycling battery materials
- Focus on community impact through job creation and workforce upskilling