{"id":14403,"date":"2024-02-12T14:30:47","date_gmt":"2024-02-12T14:30:47","guid":{"rendered":"http:\/\/TheNextWeb=1403790"},"modified":"2024-02-12T14:30:47","modified_gmt":"2024-02-12T14:30:47","slug":"dutch-startup-wins-e15m-to-develop-first-solid-state-battery-factory","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=14403","title":{"rendered":"Dutch startup wins \u20ac15M to develop first solid-state battery factory"},"content":{"rendered":"\n
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As the world electrifies, the race is on to build better batteries that take you further, charge faster, are safer, and more sustainable. <\/span><\/p>\n

Dutch startup<\/a> LionVolt is developing 3D solid-state batteries that it says ticks all the above \u2014 and it\u2019s just raised \u20ac15mn to scale up production.<\/span><\/p>\n

LionVolt \u2014 a spinout from TNO\u2019s Holst Centre in Eindhoven, the Netherlands \u2014 is working on solid-state batteries that don\u2019t contain the liquid lithium common in standard lithium-ion devices. <\/span><\/p>\n

Instead, the batteries are made up of a thin film containing billions of solid pillars, creating a patented 3D architecture with a large surface area. Compared to lithium batteries, the ions only have to travel a short distance, which makes charging and discharging much faster. Using a solid material rather than a liquid also means <\/span>that the battery cannot catch fire or <\/span>explode<\/span><\/a>. <\/span><\/p>\n

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<\/p>\n

TNW Conference 2024 – 2 for 1 Flash Sale<\/p>\n

Get two tickets for the price of one. Offer Ends on Monday 12 February<\/p>\n

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As the startup\u2019s CEO and co-founder <\/span>Karl McGoldrick previously <\/span>explained<\/span><\/a> to TNW, <\/span>the heightened surface area inside the battery allows for an almost <\/span>record-breaking<\/span><\/a> energy density of 450 Wh\/kg. <\/span>Tesla\u2019s 4,680 cells, for comparison, measure somewhere between 244-296 Wh\/kg.<\/span><\/p>\n

LionVolt further claims its batteries weigh 50% less and provide 200% better performance compared to the most advanced lithium-ion batteries available today. The cells can already be used in wearables, but the company eventually plans to build a gigafactory in Eindhoven to make batteries for EVs.<\/span><\/p>\n

Armed with fresh equity funding, which brings the company\u2019s total raised so far to \u20ac30mn, LionVolt looks to embark on the next phase of growth.  <\/span><\/p>\n

\u201c<\/span>A big thank you to our investors for their confidence in us,\u201d the company said on <\/span>LinkedIn<\/span><\/a>. \u201cLooking forward to accelerating LionVolt as a leading next-gen battery company by leveraging the core strengths of our teams in the Netherlands and the UK.\u201d <\/span><\/p>\n

The announcement com<\/span>es just two weeks after LionVolt acquired AMTE Power, pulling the Scottish battery cell manufacturer out of administration. <\/span><\/p>\n

AMTE Power, which went <\/span>bankrupt<\/span><\/a> in December, specialised in lithium-ion and sodium-ion cells used in high performance EV batteries and long-duration energy storage.<\/span><\/p>\n

Under the deal, LionVolt now owns the company\u2019s battery-cell manufacturing and production businesses based in Thurso, Scotland. It will repurpose the site to produce its own solid-state battery technology.  <\/span><\/p>\n

Sandeep Unnikrishnan, CTO of LionVolt, called it a \u201cdream scenario\u201d for a deeptech company like theirs. \u201cIt helps us mature our innovative 3D battery technology quicker by leveraging the manufacturing expertise from the team in Scotland, thereby reducing time-to-market.\u201d<\/span><\/p>\n

In a busy start to the year for LionVolt, the startup also secured a space to set up its first <\/span>pilot production plant<\/span><\/a> at the Brainport Industries Campus (BIC) in Eindhoven. <\/span><\/p>\n

LionVolt\u2019s recent successes are good news for the EU, which is <\/span>pushing<\/span><\/a> to increase its share of battery production amid an industry dominated by <\/span>cheap imports<\/span><\/a> from China.<\/span><\/p>\n

Back in 2019, the bloc invested a <\/span>whopping<\/span><\/a> \u20ac60bn into domestic EVs and battery production, which undoubtedly helped some of Europe\u2019s most promising startups, such as Northvolt, scale to where they are now. <\/span><\/p>\n

As numerous other companies, such as CATL in China or Toyota in Japan, <\/span>announce breakthroughs<\/span><\/a> in solid-state batteries, Europe will no doubt have to double down on funding. Whether it does or not could prove decisive for LionVolt and European battery startups. <\/span><\/p>\n

As McGoldrick stressed, if Europe is to feature prominently in the great battery race at all, then investing in novel technology \u2014 which means taking a chance on younger companies \u2014 is essential.<\/span><\/p>\n

\u201cWe have to be braver,\u201d he says. \u201cOtherwise, we\u2019ll be buying all our batteries from China.\u201d<\/span><\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As the world electrifies, the race is on to build better batteries that take you further, charge faster, are safer, and more sustainable.  Dutch startup LionVolt is developing 3D solid-state batteries that…<\/p>\n","protected":false},"author":1,"featured_media":14404,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/14403"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14403"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/14403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/14404"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}