A battery start-up that is backed by iPod inventor and Nest founder Tony Fadell, and which claims to have discovered a inexperienced and scalable s
A battery start-up that is backed by iPod inventor and Nest founder Tony Fadell, and which claims to have discovered a inexperienced and scalable solution to make lithium-ion batteries extra environment friendly, on Tuesday introduced that it raised $18.5 million in its Collection A funding spherical.
New Orleans-based Advano is targeted on rising batteries’ power density by changing the graphite within the anode — the battery’s unfavorable aspect — with silicon, which is ready to maintain roughly ten occasions extra lithium than graphite.
Ever since Sony first commercialized the lithium-ion battery in 1991, scientists have been toiling over make these units cheaper, safer and extra environment friendly, and Advano is much from the primary firm to discover utilizing silicon as a substitute of graphite. Different firms growing these kinds of batteries embody Sila Nanotechnologies, for instance, which is valued at over $1 billion.
Advano co-founder and CEO Alexander Girau mentioned that what makes his firm totally different is its use of recycled silicon, which cuts manufacturing prices whereas decreasing the environmental influence, in addition to the start-up’s laser deal with growing options which can be scalable.
“We’re not making an attempt to make the perfect battery on this planet and determining make trillions of them. We’re making an attempt to economically enhance the trillions of batteries that can exist,” Girau mentioned to CNBC.
Lithium-ion…