Tech

Climate Tech Funding News: BattGenie Works Magically; Lithium Refining Startup Gets Gates Support


Team BattGenie, left to right: Manan Pathak, Chintan Pathak and Venkat Subramanian. (Photo BattGenie)

Here’s the latest funding news for climate tech startups across the Pacific Northwest.

BattGenie

News: BattGenie — a startup shortlisted for the best names because, let’s face it, batteries are magic — was chosen for an accelerator that offers $250,000 in undiluted funding.

Gist: BattGenie is a subsidiary of the University of Washington that has developed software to evaluate the performance of lithium batteries that power electric vehicles, consumer appliances and other electronic devices. The software optimizes fast charging while extending battery life.

Supporters: The accelerator is a collaboration between energy giant Shell Global and the is the National Renewable Energy Laboratory (NREL) and is given the much less common name Shell GameChanger Accelerator Powered by NREL (GCxN). In addition to cash, the accelerator provides access to research and development resources at NREL, a U.S. Department of Energy (DOE) facility based in Colorado.

History: The company started with a grant in 2013 and was founded in 2017. The technology comes from the lab of the Chief Technology Officer Venkat Subramanian, a chemical engineering professor currently working at the University of Texas.

Its two other co-founders, the CEO Manan Pathak and Product Manager Chintan Pathak, both of whom earned their doctorates from UW. The company has employees in Seattle and Austin.

Revenue: The startup says it has large corporate clients in the US, Europe and Southeast Asia in the electric vehicle, consumer electronics and battery manufacturers sectors.

Remove: As the world rids itself of fossil fuels, batteries will become more essential than ever, powering vehicles, ships and planes; plugged into the grid and elsewhere.

“The accelerator funding will allow us to validate our technology at full battery level (400V systems powering cars), which is important for applications,” said Pathak. car use,” Pathak said by email. “Resources needed for such testing can only be found at the original equipment manufacturer’s premises or at national laboratories.”

Saad Dara, CEO and Co-Founder of Mangrove Lithium. (Photo via LinkedIn)

Mangrove Lithium

News: Vancouver, based in BC Mangrove Lithium landing 10 million dollars in a funding round led by Bill Gates’ Breakthrough Energy Company.

Challenges: Lithium-based batteries are the oldest and most widely used batteries. It is worth noting that the supply of lithium is limited, its extraction causes damage to the environment, and there is a race to produce more in the US, China and elsewhere.

Technology: The Canadian company is, at least initially, focused on a more efficient process for refining minerals from lithium brine, a greener alternative to open-pit mines. Brines represent 60% of global deposits, according to the startup. The new funding will help build Mangrove’s first commercial-scale factory.

The company’s lithium refining technology also works on sources, including hard rock, clay and recycled battery content.

Founders: Mangroves pull of the University of British Columbia, and all four co-founders are alumni or researchers of the school.

The investors: Breakthrough Energy Ventures is a big fan of batteries. The $2 billion investment fund has backed ESS, an Oregon company that makes iron-flow batteries, as well as Form Energy and fellow lithium producer Lilac Solutions. Christina Karapataki, an investor in Breakthrough Energy Ventures, is on Mangrove’s board of directors.

Existing investor BDC Capital’s Cleantech Practice also participated in the Series A round.

Other transactions:

Takachar, another company from the University of British Columbia, recently won two great prizes: Prince William and Kate Middleton’s Earthshot Award in the Clean Air category and Elon Musk’s award XPrize and Musk Foundation. The total amount won was $1.6 million.

The startup has developed a portable machine that can take biomass as crop waste from fields that would otherwise be burned and converted into biofuels and fertilizers.

– Microsoft is collaborating with Ballard’s electrical system and Caterpillar for a demonstration project to test large-format hydrogen fuel cells as backup power sources for data centers. The project is under construction at Microsoft’s Quincy site in East Washington.

Ballard announced this month that it will provide hydrogen fuel cell generators. Caterpillar is the main contractor on the project with the estimated cost $33.7 million, including $5.4 million from the US Department of Energy.

– General Fusion, a fusion energy company from Vancouver, BC, landed 130 million dollars in a Series E round.

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