- Batteries are important to automakers as they electrify their lineups over the next several years.
- The battery industry is full of opportunities ranging from new technologies to supply to recycling.
- Here’s a look at the many startups running to lead in the battery space.
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The future of the auto industry hinges on batteries now more than ever.
Batteries are key to multi-billion dollar plans to build an electric vehicle lineup over the next several years. They are important as automakers seek to differentiate themselves and their offerings from one another. And they are a key factor as the industry seeks to put its gas-guzzling, carbon-emitting past behind – if they can be developed in efficient, cost-effective and environmentally sustainable ways.
According to McKinsey, the EV battery market is so important, it could reach at least $360 billion by 2030.
At Insider, we’ve looked at white-hot EV battery technologies. We have examined how automakers are securing adequate battery supplies. And we’ve talked to startups working to recycle these batteries well after they’ve been spent.
Below, you can read more about battery startups to watch, the battery metal shortages the industry is facing, and how automakers are navigating this important part of their business. You can also read more on the types of battery technologies that are winning in the industry.
Startup to watch
Automakers and nascent EV makers are relying on dozens of outfits in the battery space to help them.
As a result, new startups are emerging to tackle various bits of the battery chain, from supplies to recycling to new chemistry. And these companies are bringing in a ton of capital even these days.
The booming electric car battery business brought in $3.6 billion in VC last year. Meet 14 of the industry’s best-funded startups — and how they plan to juice up players like Rivian and GM.
Giants like Tesla, GM and Ford are going to be desperate for EV content over the next decade. 4 Startups are betting they can cash in on recycling old batteries into new ones.
Investors bet big on 11 electric-car companies in 2021. Here’s what those deals signify for 2022.
Slow charge times are turning potential electric car buyers away. These 5 startups are making the fast-charging battery that could win them over.
6 top startups fueling the electric car boom with new alternatives to expensive lithium-ion batteries
5 EV battery startups set to challenge Panasonic and LG Chem for dominance of $129 billion market
Ensuring an adequate supply of EV battery materials, especially lithium, is top-notch for auto executives. Startup Lithium America can help. Lithium America
The crisis in Ukraine highlights the impact a shortage of a key battery metal – nickel – can have on the auto business.
But cobalt and lithium have long been a pending crisis for the industry as well. Ensuring an adequate supply of these materials, especially lithium, is top-notch for auto executives. These executions require a huge amount of material at the right cost that can be secured in an environmentally and economically responsible manner.
This is no easy task, and they need to do everything possible to fix this part of the EV supply chain.
Fast-growing electric-car production is making a mad dash for lithium. Meet 13 startups looking to capitalize on the weak link in the supply-chain that could soon be worth $34.3 billion.
A hike in nickel prices could add $2,000 to the price of every electric car — and the pain could hit the Rivian and Lucid harder than Ford and GM
Battery manufacturers are critical to automakers making the transition to electric vehicles. Check out the 10-page pitch deck that persuaded Renault to back a startup’s $119 million round.
For example, Rivian’s CEO has warned that the lack of a growing battery will make the chip feel like it’s “a small appetizer”. rivian
How automakers are navigating the business
Automakers around the world are betting their entire futures on electric products. But that future is threatened with a pending shortage of EV battery supplies.
Some are partnering to ensure adequate supplies. Some are investing heavily in space. Some think that their approach to the battery can help them surpass the range record they have set to date. And some worry that the effects of these shortcomings will be worse.
The Rivian CEO has warned that the lack of a chip will make the EV feel like “a small appetizer” when it comes to battery life.
Elon Musk said he is not working on a $25,000 electric car yet. This means that the opponent can beat Lucid Tesla.
Lucid CEO reveals how his startup left Tesla behind in EV range wars: ‘It has nothing to do with batteries’
Startup Ample says its battery technology could solve Uber’s biggest electric car challenge. Abundant
Specialized Battery Technologies
Range concerns are just one reason why customers are hesitant to go electric. But the chemistry and technology of a battery can help increase range, performance, and even vehicle safety. So startups in the space are experimenting with the best technology that can give their product – and their customers – a leg up.
From solid state makeup to battery swapping to technology that claims to double Tesla’s range, startups are striving every which way to gain a competitive advantage in the business.
Read 11-slide pitch deck startup Liminal to use $8 million to help electric car makers avoid costly battery recalls — and overtake Tesla
A startup that says it has cracked the code on electric car batteries is ready to help automakers tackle a looming challenge: a dysfunctional supply chain
Uber’s biggest electric car problem could be solved by startup that got $50 million from Blackstone this year
A Michigan startup doubled Tesla’s range by customizing it with a special battery
How solid-state batteries could replace lithium-ion, according to an exec at a startup backed by Ford and BMW
A top battery startup taps a Tesla veteran to lead manufacturing. Here’s his plan to dominate EVs.
Startup cofounders unveil their plan to solve the EV industry’s critical cost problem by remaking lithium-ion batteries