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Daqus Energy has a plan to make EV sports cars fast, light, and cheap
Cheaper, lighter, and denser: the trifecta defines an ideal battery. No one has devised a perfect cell quite yet, but one stealthy startup thinks it has
Daqus Energy has been quietly operating for the past couple years, refining a compound known as TAQ that promises to be cheaper and lighter than competing battery materials. But the upside is strong enough that Daqus is emerging from stealth with a $6 million seed round led by Morningside with participation from unnamed individual investors. Problem is, the vast majority of LFP cathode materials are made in China, making them a nonstarter for U.S.-made EVs that want to qualify for tax credits.
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