Trump DOE confirms it’s canceling over $700M in manufacturing grants
The Department of Energy said it was canceling grants to build new factories in places like Alabama and Kentucky. Three startups are affected.
battery materials
Electroflow promises to make LFP material for 40% less than Chinese producers
Electroflow drew inspiration from batteries themselves to develop a new way of producing LFP material for EVs. The process could undercut today’s lowest price sources in China.
Dutch battery startup LeydenJar’s silicon anode tech could pose a challenge to China
LeydenJar raised €13 million along with €10 million from a U.S. consumer electronics company to scale production of its silicon anode material.
Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs
The battery materials startup raised significant Series D funding to expand its manufacturing capability. At the same time, it bought out partner SK’s stake in a joint venture.