Safire Techology
Develops an additive for lithium-ion batteries that prevents short circuits by solidifying the electrolyte on impact.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $8.0m | Seed | |
| Total Funding | 000k | ||
SAFIRE is a pioneering startup focused on enhancing the safety of lithium-ion batteries, a crucial component in various high-tech industries. The company has developed a patented electrolyte additive that significantly mitigates the risk of battery explosions and fires. This additive works by transforming from a liquid to a solid upon mechanical impact, providing inherent ballistic protection without the need for heavy shielding or compromising battery performance.
SAFIRE operates in the energy storage market, specifically targeting sectors where battery safety is paramount, such as electric vehicles (EVs), electric vertical takeoff and landing aircraft (eVTOLs), and defense applications. By addressing the critical safety flaws of lithium-ion batteries, SAFIRE aims to make these technologies more reliable and secure.
The company's business model revolves around licensing its proprietary additive to battery manufacturers. This "drop-in" solution can be easily integrated into existing manufacturing processes, making it an attractive option for companies looking to enhance the safety of their products without significant retooling costs. Currently, SAFIRE is in the prototype development phase for specific use cases and has a waitlist for its technology.
Revenue generation for SAFIRE comes from licensing fees and potentially from partnerships with major players in the battery manufacturing industry. By offering a cost-effective and efficient solution to a widespread problem, SAFIRE positions itself as a valuable partner in the push towards safer, more reliable energy storage solutions.
SAFIRE is also actively seeking technical professionals with expertise in energy storage, materials processing, chemistry, and materials science to join their team in Knoxville, TN. These professionals will focus on advancing the development of hybrid state lithium-ion batteries using SAFIRE's innovative electrolyte technology.
Keywords: lithium-ion batteries, safety, electrolyte additive, energy storage, EVs, eVTOLs, defense, ballistic protection, prototype development, licensing.