Leyden Energy Raises $10 Million for Commercialization of Silicon Anode Mobile Pouch Cells and Automotive Start-Stop Batteries

摘要

Leyden Energy, Inc. has raised $10 million in Series C financing from existing investors, including Walden International. The new round will help fund productization and commercialization of Leyden Energy's next-generation battery chemistries, built on research and development (R&D) breakthroughs in both silicon anode (Si-anode) technology for mobile consumer electronics applications and advanced lithium ion (Li-Ion) chemistry for start-stop automotive applications. Building off its Li-imide chemistry platform, which leads to fundamental improvements in battery performance based on electrolyte innovation, Leyden Energy has engineered new technology breakthroughs in silicon anode. The new chemistry promises to significantly boost energy density and meet the rigorous cycle life and reduced swelling battery requirements for thin mobile consumer electronics. The company will concurrently focus on low-cost breakthrough performance of Li-Ion batteries in start-stop automotive applications in response to rapid adoption of start-stop vehicle technology.