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Alsym wants to ‘light up homes for a billion people’ with its new battery
The battery startup has raised $78 million to bring its alternative to lithium-ion cells to everything from scooters to steel mills.
“The initial goal was to light up homes for a billion people around the world who don’t get access to electricity, who are forced to live the life of the 19 th century and are condemned to poverty. Chatter has spent the last nine years working with his technical co-founders Nikhil Koratkar, Rahul Mukherjee and Kripa Varanasi to develop a low-cost, non-flammable battery chemistry. Alsym is chasing stationary storage as its initial market, and it plans to follow up a design that’s tailored for two-wheel EVs, which are popular in India, China, and Southeast Asia.
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