7 Battery Startups Powering Toward IPOs

Better batteries are a no-brainer for the future of clean energy.

Cheaper, smaller, and more efficient batteries will power more electric vehicles, capture and store solar energy for overnight use, and shrink to fit into the next wave of personal technology devices.

7 Battery Startups

Sila

​Sila Nano​ just raised a $375 million Series G to secure the completion of its Moses Lake, Washington facility to manufacture enough material to support 500,000 EVs annually.

Sila discovered a way to make lithium-ion batteries more efficient by replacing the standard graphite anode with a nano-engineered silicone one. The new materials have the potential to make batteries 50% better, increasing power density and decreasing their size.

WHOOP

​WHOOP​ is a wearable device company that uses Sila’s battery technology to power its fitness-tracking watches. Last month, WHOOP welcomed Cristiano Ronaldo, one of the world’s most recognizable sports icons, as a global ambassador and investor.

Accredited investors can invest alongside Ronaldo today. Read my WHOOP ​deep dive​ to see where shares are available.

Redwood Materials

​Redwood Materials​ (Nevada) and ​Northvolt​ (Sweden) are building the largest battery recycling facilities in the world. Redwood Materials was launched by JB Straubel, Tesla’s fifth employee. He saw an opportunity to recycle the coming wave of end-of-life EV batteries, producing a reliable domestic source of rare metals.

Redwood shares are now available to accredited investors on the same investing platform as WHOOP (read the deep dive to see where).

Northvolt

Northvolt recycles and manufactures state-of-the-art batteries for devices and EVs, enhancing the global automotive battery supply chain. It’s eyeing a 2025 IPO in Stockholm.

Ascend Elements

​Ascend Elements​ is another recycling startup processing old lithium-ion batteries into raw materials for the next generation of batteries. It raised $162 million in February.

Form Energy

​Form Energy​ is building iron-air battery capacity for power grids. Iron-air batteries use abundant raw materials to manufacture batteries that are 10 times cheaper than lithium. They are modular, scalable, safe, and last longer, too.

Iron-air batteries will help power utilities capture and store clean energy for 24/7 use.

KoBold Metals

​KoBold Metals​ is a mining exploration company that deploys AI models to create “Google Maps” of the Earth’s crust to discover deposits of high-demand metals like lithium, cobalt, copper, and nickel. These metals are crucial for the future supply of electric vehicle batteries.

In February, it announced a massive copper find in Zambia. Bill Gates and Jeff Bezos back this recently minted unicorn.

In case you missed it

Check out my ​latest YouTube video​, where I screen share my ​Fundrise​*, Titan, ​Hiive​*, SoFi, Linqto, and Caplight accounts to show how I’ve acquired investment exposure to OpenAI.

Conclusion

That’s all for this edition of the Access IPOs Newsletter. Reply to this email if you have any feedback. Consider joining our ​private Facebook Group​ and follow ​Access IPOs​ on X.

The newsletter is now semimonthly, meaning you’ll receive a new email on the 15th and last day of each month. It’s a day late this month because I was at Boy Scout camp with my son.

Thanks for reading.

Craig Stephens

Founder – Access IPOs

Interested in sponsoring this newsletter? Reply with inquiries.

Featured photo via DepositPhotos used under license.