Global Startup Heat Map highlights 10 EV Battery Startups to Watch in 2023
Through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 3 790 000+ startups & scaleups globally, we identified 370 electric vehicle battery startups. The Global Startup Heat Map below highlights the 10 EV battery startups you should watch in 2023 as well as the geo-distribution of all 370 startups & scaleups we analyzed for this research. Based on the heat map, we see high startup activity in India and the USA, followed by Europe. These battery tech startups work on solutions ranging from automated battery swapping and fast-charging cells to EV battery repurposing, and AI-assisted battery research.
As the world’s largest resource for data on emerging companies, the SaaS platform enables you to identify relevant technologies and industry trends quickly & exhaustively. Based on the data from the platform, the Top 5 EV Battery Startup Hubs are in Bangalore, New York City, London, San Francisco & Los Angeles. The 10 hand-picked startups highlighted in this report are chosen from all over the world and develop solutions for robotic EV battery disassembly, high-performance battery packs, EV health monitoring, and fast-charging automotive cells.
10 Top EV Battery Startups to Watch in 2023
As the world moves towards a more sustainable future, EVs are becoming increasingly popular. With this rise in demand comes a need for innovation in the EV battery industry. So, we have identified the top 10 EV battery startups to watch in 2023. These innovative startups are developing cutting-edge technologies, enabling EV battery health monitoring, automatic battery swapping, safe battery transportation, and battery repurposing. They are also working on fast-charging automotive cells, high-performance battery packs, and bio-organic battery materials. Further, some startups develop solutions for battery research & development, battery management, and battery disassembly.
- Recurrent – EV Battery Health Monitoring
- Open Energy – Automatic Battery Swapping
- LibCycle – Safe Battery Transportation
- Evyon – EV Battery Repurposing
- Automotive Cells Company (ACC) – Fast-Charging Automotive Cells
- IONETIC – High-Performance Battery Packs
- Nexus Power – Bio-Organic Battery Materials
- ni-cat – AI-assisted Battery Research & Development
- EVolution – Intelligent Battery Management Systems
- Universe Energy – Robotic EV Battery Disassembly
Recurrent advances EV Battery Health Monitoring
USA-based startup Recurrent develops battery health monitoring solutions for EVs. Its platform uses advanced algorithms to monitor vehicle health, ensuring optimal performance through early detection of potential issues. Additionally, the platform’s automated reporting feature generates comprehensive, easy-to-understand reports that let users make informed decisions about their EVs. Besides, Recurrent’s use of end-to-end encryption ensures the privacy and security of user data while delivering vehicle insights. The startup’s solution enhances the EV ownership experience and promotes the transition to more sustainable transportation while reducing range anxiety.
Open Energy enables Automatic Battery Swapping
Open Energy is a Hong Kong-based startup that develops a battery-swapping solution for EVs. The startup solution HyperSwap is an automated, compact, and safe battery swap station that accommodates various battery types. The swap station integrates with renewable energy sources to harvest excess energy from solar, wind, and hydro farms. Additionally, HyperSwap utilizes battery-to-grid (B2G) bi-directional technology to contribute energy back to the electricity grid, serving as an energy storage solution. This way, Open Energy reduces the time to replace EV batteries and also increases grid resiliency.
LibCycle offers Safe Battery Transportation
LibCycle is a German startup that specializes in the transportation and storage of lithium-ion batteries for recycling. The startup provides specially designed transport boxes, for rent, lease, or purchase, to ensure efficient and safe battery transportation. Through a telematics system, LibCycle classifies batteries remotely to save time and costs while maintaining legal compliance. The startup also packs and loads batteries on-site, taking full responsibility for interim storage of hazardous and non-hazardous battery waste for up to 12 months, simplifying the management of end-of-life lithium-ion batteries.
Evyon advances EV Battery Repurposing
Norwegian startup Evyon repurposes EV batteries to create commercial and industrial energy storage systems (ESS). The startup’s systems fit in standard 19 inches racks and are scalable for applications like commercial buildings, EV charging, and construction sites. They also support multiple strings connections to create larger systems with a small carbon footprint. Additionally, Evyon’s Battery Cloud provides real-time system information, over-the-air updates, and 24/7 monitoring to ensure system safety. Enyon reduces the growing waste of EV batteries by converting second-life EV batteries into modular plug-and-play battery storage systems.
Automotive Cells Company makes Fast-Charging Automotive Cells
French startup Automotive Cells Company (ACC) manufactures high-performance fast-charging lithium-ion batteries for automotive vehicles. The startup’s batteries feature extended life cycles, better safety, broad operating temperature ranges, and a significant reduction in charging time. It also retrieves, repairs, dismantles, and recycles batteries that are at the end of their life directly from vehicle manufacturers. The eco-friendly rapid charging batteries promote easy recycling through a smart and sustainable manufacturing process that reduces carbon footprint.
IONETIC builds Customized High-Performance Battery Packs
UK-based startup IONETIC designs, tests, and manufactures custom high-performance battery packs for electric vehicles. The startup’s manufacturing platform, ARC, allows for cell-by-cell adjustments, maximizing energy density while efficiently utilizing available space. Further, IONETIC offers comprehensive end-to-end EV battery pack solutions that adhere to international regulatory standards. By vertically integrating supply chains, the startup streamlines its operations to deliver high-performance battery products at competitive prices.
Nexus Power develops Bio-Organic Battery Materials
Nexus Power is an Indian startup that develops proprietary battery technology with bio-organic nano-materials and fast regenerative properties. The startup’s crop residue-based nano-material allows long-lasting energy storage and utilizes patented cell arrangements for quick charging while preserving adequate current flow and voltage. The battery packs also include a cooling system to prevent overheating during high-power tasks, such as in electric vehicles. Moreover, Nexus Power’s batteries are based on bio-mimicry and industrial ecology concepts to make their product biodegradable and fully recyclable.
ni-cat enables AI-assisted Battery Research & Development (R&D)
ni-cat is a Turkish startup that focuses on AI-assisted R&D of innovative battery materials. The startup uses a computer-controlled digital reactor farm to digitize synthesis parameters and output specifications. The proprietary machine learning algorithm streamlines research in custom high nickel cathode materials that showcase an increase in charge rate and charge-to-discharge ratios. nicat’s AI-based research approach enables the creation of advanced, efficient, and sustainable energy storage solutions to support automotive electrification.
EVolution makes Intelligent Battery Management Systems
Israeli startup EVolution offers intelligent battery management systems that enhance battery pack performance in electric vehicles. The startup’s chip connects to each individual cell and acts as a command center to sense and control energy flows. Moreover, EVolution’s AI algorithms continuously learn cell behavior and condition during charge/discharge cycles. This optimizes the entire battery pack’s performance, significantly improving energy management and efficiency.
Universe Energy enables Robotic EV Battery Disassembly
Universe Energy is a US-based startup that specializes in recycling old EV batteries using machine learning-driven analytics and intelligent robotics. Its solution uses machine perception to identify battery brands and generates disassembly instructions for each battery type. Automatic discharging ensures safe operations, minimizing electrocution and fire hazards for workers. Robotic disassembly also efficiently breaks down 500kg battery packs into smaller 25kg modules in significantly less time. The startup’s modular disassembly lines enable battery recycling or remanufacturing factories to quickly scale up operations.
Discover All Emerging EV Battery Startups
The EV Battery startups showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free Industry Innovation Reports for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies & emerging solutions that will impact your company in 2023!
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