
LithiumWerks
Lithium Werks is a producer of cobalt-free Lithium-ion batteries for energy storage and mobile solutions.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | $61.0m Valuation: $61.0m | Acquisition | |
Total Funding | 000k |

USD | 2020 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Company filings or news article
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Lithium Werks, a subsidiary of Reliance New Energy Limited, is a rapidly expanding global company specializing in lithium-ion batteries. The company operates production facilities in China and maintains offices in the USA and the Netherlands. Its business model revolves around manufacturing and supplying battery cells, custom battery packs, and battery management systems. The company's primary markets include stationary energy storage, industrial, commercial marine, and transportation sectors.
Lithium Werks has a unique selling proposition in its patented technology, which it uses to create powerful, safe, and reliable battery systems. The company's focus is on building long-term partnerships with its clients, ensuring they receive top-quality battery solutions that meet their specific needs.
Recently, Lithium Werks announced the development of a new 18650 Lithium Iron Phosphate (LFP) Energy Cell, which is expected to provide more than 20% more energy density while maintaining power, safety, and life. This innovation is a testament to the company's commitment to continuous improvement and technological advancement.
The company also places a strong emphasis on sustainability, as evidenced by its recent publication on battery sustainability and Life Cycle Assessment. This focus on environmental responsibility further enhances the company's reputation and appeal to clients who prioritize green practices.
Lithium Werks generates revenue through the sale of its battery products and solutions. The acquisition of assets by Reliance New Energy Limited is likely to provide additional financial and operational resources, enabling the company to expand its market reach and enhance its product offerings.
Keywords: Lithium-ion batteries, Energy storage, Industrial batteries, Commercial marine batteries, Transportation batteries, Custom battery packs, Battery management systems, Patented technology, Sustainability, Life Cycle Assessment.
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