5.6 Investment of €7.6 million for The Batteries to produce safe super-batteries

The Batteries, a company supported by EIT InnoEnergy, has developed a breakthrough technology for the low-cost production of thin-film batteries. In June 2022 the company announced it had secured its first tranche of series A funding to support the commercialisation of its technology.

The funding, from the existing investor, Aper Ventures fund, as well as January Ciszewski and JR Holding, UAB Electronics System, and EIT InnoEnergy, will be used to build a production line at the Rzeszów factory in Poland, to produce safe and ecological batteries on a global scale. The company also wants to increase the team of engineers responsible for developing further the innovative solid-state technology.

The Batteries is the first company to develop its unique technology for the low-cost production of safe and environmentally friendly solid-state batteries for mass applications in the internet of things (IoT) market, including industrial sensors, smartwatches, portable medical devices, drones or smartphones. Thin film solid state batteries (TFBs) will replace traditional lithium-ion batteries thanks to their significantly reduced charging time for devices, their work efficiency and extended lifespan.

Charging a smartphone will take just 15 minutes and the battery will last twice as long. It will make electronic devices of mass usage more economical and, importantly, this new type of new batteries will no longer explode.

Jacek

Managing Partner of Aper Ventures

The Batteries creates a product with an extensive application, and its market potential is vast. The founders have proven that their patented manufacturing technology can produce safe batteries that are – depending on the industry – up to 10-200 times cheaper than other solid-state battery companies. We believe that each electronics user will have such a battery in their device in the next few years – now, they are still too expensive to use every day.

thebatteries.tech