The value of venture capital (VC) deals in advanced batteries shot up by 850% year-on-year (YoY) in 2021 with focus on lithium chemistries, according to GlobalData, a data and analytics company.
Big deals from VC investors are pushing forward the advanced batteries funding to a new high. The major focus of such deals is primarily to accelerate the commercialization of lithium-powered batteries that exhibit high energy density, superior performance, increased safety, and are cost-effective.—Prasad Kakade, Senior Disruptive Tech Analyst at GlobalData
GlobalData’s latest FutureTech series report, “Performance Meets Sustainability – Can Advanced Batteries Facilitate Energy Transition?”, highlights various lithium-based battery startups looking to accelerate the adoption of EVs.
China-based SVOLT manufactures lithium-ion batteries for EVs and energy storage. In…