A startup’s technology takes aim at lithium-ion batteries’ fire problem

Lithium-ion batteries power everything from electric vehicles to cellphones. But concerns around battery safety have hindered the growth of the EV market in some regions and thrown a wrench into the grid’s clean energy transition. — Photo by Mika Baumeister on Unsplash

A battery startup has raised US$20mil (RM94.80mil) in Series A financing, which it will use to scale its proprietary technology that has the potential to address one of the industry’s biggest issues: fire risk.

Lithium-ion batteries power everything from electric vehicles to cellphones. But concerns around battery safety have hindered the growth of the EV market in some regions and thrown a wrench into the grid’s clean energy transition.