Alsym Energy, a startup focused on innovating in the energy storage sector, has successfully raised $78 million in Series C funding to develop batteries that do not rely on lithium. This move comes in response to the slow decline in battery costs and the search for more accessible and abundant materials to make energy storage widely available. Researchers at the Massachusetts Institute of Technology (MIT) are at the forefront of this development, working on batteries made from cost-effective and abundant materials.
Researchers at the Massachusetts Institute of Technology (MIT) recently innovated batteries that are made of cost-effective and abundant materials. https://t.co/MOHYeunKT5
This lithium-free battery startup just raised $78M in Series C funding https://t.co/QEwVKpwOpJ by @michelle0728
Batteries need innovation. Alsym Energy raises $78M to make batteries that don’t use lithium https://t.co/YCs2CtQVFU via @VentureBeat @GamesBeat
Battery costs are dropping, but not fast enough. So one startup decided to look beyond lithium-ion for something that's cheap enough to bring energy storage to the masses. https://t.co/JxgkwobPvR
Lithium metal electric vehicle batteries produced by startups like QuantumScape are likely to be shunted into narrow niches—beaten not by better rivals, but cheaper, "good enough" ones that got there first. The Electric. https://t.co/U2RY02rq0Q