Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups in the automotive industry. As there is a large number of startups working on a wide variety of solutions, we decided to share our insights with you. So, let’s take a look at promising electric vehicle battery solutions.
Heat Map: 4 Top Electric Vehicle Battery Startups
For our 4 picks of electric vehicle battery startups, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 4 interesting examples out of 600 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
In the conversation about electric vehicles, battery performance is going through significant development over the last years. For example, the sometimes immensely extended battery charging time can pull back or slow down the adaptation of electric vehicles globally. Startup Store Dot develops a new generation of Li-ion cell design comprising hundreds of EV flash battery cells – which enables less than 5 minutes, fast-charging for electric cars.
Safety issues, such as “thermal management” are still a focus of improvements when it comes to Lithium-ion batteries. Battery overheat (thermal runaway), short circuit, or accidents are few examples where technology needs to step up to ensure safety for the vehicle, but more importantly to its occupants. NOHMs develops electrolyte solutions containing a new functional ionic liquid material that allows for the creation of non-flammable batteries for electric cars.
Apart from the traditional Lithium-ion batteries which involve a lithium cobalt oxide cathode and a graphite anode, EVs are equipped with new variations of lithium-ion chemistry, such as lithium iron phosphate (LIFePO4 or LFP). LFP batteries have neither overheating concerns nor are they at risk of explosion. Dutch startup Lithium Werks combines NanoPhosphate technology with smart software to create safer and more energy efficient batteries for vehicles.
Apart from lithium-ions, rechargeable battery technologies can also function with sodium-ion, a solution for cheaper and cleaner energy. UK-based Faradion provides low-cost battery material by developing sodium-ion technology for electric transport as well as a S-L-I (starter-lighting-ignition) system for hybrid electric vehicles.
What About The Other 596 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 4 electric vehicle battery startups showcased above are promising examples out of 600 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.