Advano develops and sells anode materials for electric vehicles (EVs) and consumer electronics. Their facility can produce 10 tons of materials per year, and they’re currently working on pilot-scale production and delivery to customers.
Problem
- Battery limitations: Lithium-ion batteries have issues with energy density and high capacity costs, while traditional innovation efforts have focused on the cathode.
- Silicon anode challenge: Although silicon has high energy capacity potential, scaling it for high-volume manufacturing has been difficult.
Solution
- Higher charge, lower costs: Advano’s silicon-based batteries offer 40% higher charge density and 50% lower capacity costs, with performance on par with traditional batteries. Advano achieves this through patented material science, optimised fuel-cell battery design, and a low-capex business model.
- Better cycle life: Advano aims to reduce EV battery pack costs and explore solid-state electrolytes for improved cycle life in the future.
Media Links
Type
Energy & Utilities
Focus Area
Deep Tech, Enterprise, and Sustainability
Capital Raised (US$)
21M to 50M
Operational HQ
United States
Sector
Electric Power
status
Current
founders
Alexander Girau, Shiva Adireddy
partnered
2020
exited
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