Battery Industry Report 2025: Market Data & Innovations

The 2025 Battery Report presents an in-depth analysis of the sector’s growth, technological advancement, and investment trends. This report highlights the industry’s expansion, with a total workforce and employee growth in the past year. Moreover, it explores the financial landscape and showcases the investments from top investors and the notable average investment value per funding round.

This report was last updated in January 2025.

This battery report serves as a reference for industry stakeholders, investors, policymakers, and economic analysts. It provides a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.

Executive Summary: Battery Industry Report 2025

• Industry Growth Overview: The battery industry experienced growth in 2025, driven by 4700+ startups and over 110 800+ companies. Innovations like lithium-ion batteries is showcasing a CAGR of 17.69%, whereas the global demand for EV batteries is increasing at a rate of 33% annually.
• Manpower & Employment Growth: The industry employs over 9.5 million individuals globally. In the past year alone, the sector added 530 400+ new employees.
• Patents & Grants: Over 166 100 technologies in the industry received patents and more than 9100 companies received grants.
• Global Footprint: The major country hubs are the USA, India, the UK, Germany, and Australia. Key city hubs include London, New York City, Shenzhen, Sydney, and Melbourne.
• Investment Landscape: The average investment value per funding round is USD 42.2 million. Over 22 600+ funding rounds involved more than 7800 investors. In addition, more than 9500 companies received investments. Moreover, investment in battery storage grew by over 20% in 2024, exceeding USD 50 billion.
• Top Investors: Notable investors such as the European Investment Bank, SoftBank Vision Fund, and the US Department of Energy contribute a combined investment exceeding USD 10.6 billion.
• Startup Ecosystem: The leading startups include NEO Battery Materials (one-step nanocoating process), Batene (fleece current collectors), SONOCHARGE (semiconductor platform technology), Vocai (on-chip multi-gas sensing technology), and Nanoloy (plasma-printed batteries).

Methodology: How we created this Battery Industry Report

This report is based on proprietary data from our AI-powered StartUs Insights Discovery Platform, which tracks 25 million companies and 20 000 technologies and trends globally, including detailed insights on approximately 5 million startups, scaleups, and tech companies. Leveraging this extensive database, we provide actionable insights on emerging technologies and market trends.

For this report, we focused on the evolution of the battery sector over the past 5 years, utilizing our platform’s trend intelligence feature. Key data points analyzed include:

• Total Companies working on the trend
• News Coverage and Annual Growth
• Market Maturity and Patents
• Global Search Volume & Growth
• Funding Activity and Top Countries
• Subtrends within the battery sector

Our data is refreshed regularly, enabling trend comparisons for deeper insights into their relative impact and importance.

Additionally, we reviewed external resources to supplement our findings with broader market data and predictions, ensuring a reliable and comprehensive overview of the battery market.

What Data is used to Create this Battery Report?

Based on the data provided by our Discovery Platform, the battery sector ranks among the top 5% in the following categories relative to all 20K+ technologies and trends we track.

These categories provide a comprehensive overview of the market’s key metrics and inform the short-term future direction of the market.

• News Coverage & Publications: The industry saw news coverage and publications, with more than 144 300+ publications in the last year.
• Funding Rounds: Our database records over 22 600+ funding rounds, reflecting the investment activity.
• Manpower: The workforce in the battery industry exceeds 9.5 million workers, with more than 530 400+ new employees added in the last year alone.
• Patents: The industry holds over 166 100+ patents, indicating an emphasis on innovation and intellectual property. 
• Grants: More than 9100 companies within the industry received grants, supporting further research and development. 
• Yearly Global Search Growth: The yearly global search growth for the battery industry stands at 15.43% which showcases the increasing interest and demand.

Explore the Data-driven Battery Industry Report for 2025

The battery industry encompasses 4700+ startups in the database. Over the last year, the industry has experienced a 2.27% growth, supported by more than 166 100 patents and over 9100+ grants. The global workforce in battery comprises 9.5 million individuals, with an employee growth of 530.4K in the past year.

The global battery market size was worth USD 138.7 billion in 2024, and it is expected to reach USD 306.9 billion by 2033, which is a CAGR of 8.3%.

Credit: imarc

The top hubs driving battery innovation include the USA, India, UK, Germany, and Australia leading as the top five country hubs, and London, New York City, Shenzhen, Sydney, and Melbourne emerging as the top five city hubs. The heatmap above visualizes the global landscape of the battery industry.

A Snapshot of the Global Battery Industry

Asia Pacific dominated the global lithium-ion battery market with a 53% market share in 2024.

The battery industry report highlights key metrics showcasing the growth and dynamism within the sector. The workforce data shows 9.5 million individuals employed, and the industry saw an increase of 530 400+ new employees in the last year alone. An ecosystem of over 110 8o0+ companies operating within the industry supports this growth.

Explore the Funding Landscape of the Battery Industry

The investment activity in the battery sector records an average investment value of USD 42.2 million per round. Additionally, the battery industry is projected to require USD 514 billion in investments by 2030, with USD 220 billion for upstream projects and USD 51 billion for lithium production.

The sector attracted more than 7800 investors and closed over 22 680 funding rounds, demonstrating financial backing and investor confidence. These investments are spread across more than 9500+ companies and highlight the interest and support for innovation and development within the industry.

Who is Investing in Batteries Sector?

The battery market report showcases a sector with financial backing from top investors, who collectively invested more than USD 10.6 billion. This investment highlights the confidence and interest in the industry’s growth and innovation potential.

• The European Investment Bank allocated USD 1.7 billion to 12 companies. It also financed Northvolt’s battery factory in Sweden with more than USD 1 billion.
• SoftBank Vision Fund invested USD 1.6 billion in 8 companies. It also participated in a series B funding and contributed USD 110 million to Energy Vault. It is a Swiss-US startup that builds a gravity-based energy storage system.
• The US Department of Energy funded 8 companies with USD 1.5 billion. US-based Battery Technology Co. received USD 150 million for a commercial-scale lithium-ion battery recycling facility from US Dept of Energy.
• Global Emerging Markets invested USD 1.4 billion across 6 companies. EnergyX, a US-based lithium and battery technology company, secured a USD 450 million investment commitment from Global Emerging Markets.
• Fidelity provided capital of USD 1.2 billion to 6 companies. Enevate, a producer of silicon-dominant lithium-ion battery technology, received USD 81 million series E funding from Fidelity.
• BNP Paribas contributed USD 1.1 billion to 5 companies. It also financed lithium-ion battery producer ACC, a joint venture between Stellantis, Mercedes-Benz, and TotalEnergies’ subsidiary Saft.
• Coatue infused capital of USD 1.1 billion in 6 companies. It also led a series B funding worth USD 30 million for TWAICE, a battery analytics company.
• Canada Pension Plan Investment Board financed 3 companies with a total of about USD 1 billion. It also provided USD 25 million to a Toronto-based energy provider, Hydrostor.

Access Top Battery Innovations & Trends with the Discovery Platform

Discover the emerging trends in the battery market along with their firmographic details:

• Lithium hydroxide experiences a surge in the battery industry with an annual trend growth rate of 54.92%. This segment comprises 160+ companies and it collectively employs 28 900+ individuals. The workforce saw an expansion with 1400+ new employees added in the last year alone. The production of high-performance lithium-ion batteries for electric vehicles and renewable energy storage increases the demand for this trend. 
• Solid-state Batteries represent an advancement in battery technology, marked by an annual trend growth rate of 49.5%. This sector includes 250+ companies and employs a total of 30 900+ individuals. Over the past year, the sector welcomed 2500+ new employees and reflected the pace of development and investment. Solid-state batteries offer advantages such as higher energy density and improved safety, making them an important element after electric vehicles and consumer electronics. 
• Grid-scale Energy Storage in the battery industry experiences an annual trend growth rate of 17.24%. This sector comprises 140+ companies and includes over 6900+ employees. In the past year, the industry added 1000+ new employees to indicate steady growth and interest. Grid-scale energy storage solutions balance supply and demand in renewable energy systems and integrate more renewable sources into the grid.

5 Top Examples from 4700+ Innovative Battery Startups

The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Book a platform demo to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.

NEO Battery Materials follows One-Step Nanocoating Process

Canadian startup NEO Battery Materials develops silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. The startup’s NBMSiDE technology uses an energy-efficient, one-step nanocoating process to manufacture these anodes.

The manufacturing process involves nanocoating silicon particles with nanomaterials at room temperature and pressure. Additionally, it resolves silicon’s volume expansion problem and enhances battery longevity and performance. Thus, the technology increases the driving range of electric vehicles while providing ultra-fast charging capabilities. 

Batene develops Fleece Current Collectors

German startup Batene develops a battery technology product, Batene Fleece, to increase electric energy storage. It advances battery performance by using fleece current collectors instead of traditional 2D foil collectors. Thus, it increases energy density and enables faster charging with improved battery safety.

Batene Fleece features millimeter-thick electrodes to enhance mechanical stability and reduce internal resistance, which extends battery life. The technology supports several advanced battery chemistries, including Li-ion silicon anode and solid-state electrolytes. 

SONOCHARGE builds Semiconductor Platform Technology

US-based startup SONOCHARGE develops semiconductor platform technology to enhance the performance and safety of lithium-ion batteries.

The startup’s acoustic wave technique utilizes a custom-fabricated piezoelectric device on a wafer die. The piezoelectric device surface mounts onto thin, flexible circuits inserted underneath the battery module during manufacturing.

When activated, the acoustic wave induces homogeneity of lithium ions, reduces lithium plating, and limits dendritic formation. The technology works with cylindrical, pouch, or prismatic cells for applications in electric vehicles (EVs), energy storage, and data centers.

Nanoloy offers Plasma-Printed Batteries

Dutch startup Nanoloy develops plasma-printed battery technology that forms mechanically interlocked molecules and creates strong bonds to enhance battery chemistry. Its innovations include superior interfacial metallic and carbon bonds, new material composites, and thermally fused electrode particles.

These innovations delay degradation, increase performance and improve the efficiency of lithium-ion batteries. Moreover, the mature and scalable plasma printer supports the mass production of batteries and integrates with current and future cell chemistries.

Vocai makes On-Chip Multi-Gas Sensing Technology

Israeli startup Vocai makes an on-chip gas sensing technology for advanced battery management. Its complementary metal-oxide semiconductor (CMOS)-based, multi-gas sensors provide high-dimensional data for gas composition analysis. The AI algorithms identify gas types and concentrations to offer molecular insights.

An enhancement layer with a chemical coating increases sensor selectivity, sensitivity, and durability. In addition, the integrated system-on-chip (SoC) includes built-in amplification and sampling for better signal processing. Vocai’s technology integrates with existing battery management systems to ensure minimal power usage and scalability for mass production.

Gain Comprehensive Insights into Battery Trends, Startups, or Technologies

The 2025 Battery Industry Report highlights the sector’s focus on innovation, evident through its patent activity and grants supporting research and development. Looking ahead, the emerging innovations drive future advancement in areas such as lithium hydroxide,  solid-state batteries, and grid-scale energy storage. Also, they support environmental goals and shape the next generation of energy storage solutions. Get in touch to explore 4786+ startups and scaleups, as well as all industry trends impacting battery companies.