New-generation batteries are about to see the light thanks to the project being carried out by the company Napptilus Battery Labs (NBL) in collaboration with the Catalan Institute of Nanotechnology and Nanoscience (ICN2) at the Autonomous University of Barcelona, which has accreditation from the Spanish government as a Severo Ochoa Center of Excellence, for research and development of new energy storage technologies. The project has entered its final stretch and the company has opened a financing round of up to €500,000 to make these batteries of the future a reality. The round will start at the beginning of November through Crowdcube platform.
Today, batteries are made mainly with lithium ions, a technology with major drawbacks due to its slow charging speed, which can take up to 4 hours to fully charge, a useful life of over 3 years, a limited number of charges ranging between 400 and 1,000, with a complex manufacturing process and, above all, due to the use of flammable and unsustainable materials.
The solution developed by Napptilus Battery Labs (NBL) is based on using new material technologies so that batteries are environmentally friendly and sustainable: it is proposed that they can be charged in less than 5 minutes, offer a useful life of up to 10 years with many more charging cycles, using abundant non-flammable materials, without lithium, and being able to reduce manufacturing costs by 20% due to its simplicity in manufacturing processes.
With 3 approved patents and with the focus always on sustainability, NBL has developed this technology through the use of abundant materials since lithium extraction causes soil degradation, water scarcity, biodiversity loss, damage to ecosystems and increased global warming. Lithium battery pollution can last up to 500 years, but rain, heat and soil acidity speed up the battery decomposition process. When this happens, the batteries release mercury, lithium, lead, or cadmium: all highly toxic.
The fact that lifespan of these new batteries is much longer and their recycling system easier, makes these batteries a much more sustainable solution.
Due to their properties, the applications that these batteries have are numerous, among others in the broad electric vehicle sector (market of 370,860 million USD in 2021 and is expected to reach 1,298,320 million USD in 2027), in the home as stationary energy storage (from 17 GW/34 GWh at the end of 2020 to 358 GW/1,028 GWh by the end of 2030), in the industrial robotics sector (24.35 billion USD in 2020 and is expected to reach 52.85 billion USD by 2026) and in high-end transportation (from USD 5,345,150 million in 2021 to USD 8,511,380 million in 2026).
Napptilus Battery Labs was born from the venture builder of the Napptilus Tech Labs group, located at Pier 01 of Tech Barcelona, by its founder Rafael Terradas and tech advisors such as Pedro Gómez (ICN2) and Eduard Alarcón (UPC). The Napptilus group is a software engineering company created by Rafa Terradas in 2004 and has a team of more than 100 engineers. The company is dedicated to carrying out customized software projects and has leading companies from various sectors as clients. The other aspect of the company is the incubation of cutting-edge technological projects that its team of developers devises or identifies. Among the main applications, there are success stories such as Bibulu or StageInHome and others in the development phase such as Magnetika, PinRoute, TracksCO2, always in areas of technological development and innovation.
“We have signed an agreement with a manufacturer of automotive components, so funds from this round will be used to grow our team and develop functional battery prototypes for the electric vehicle industry. We are convinced that it is a great investment opportunity for all those who look to the future and know how to see the value of clean technologies”, says Alfonso Galofré, CEO of Napptilus Battery Labs.
The financing round of up to 500,000 euros opens this November so that these batteries of the future become a reality through the Crowdcube platform, a European Marketplace for retail investments in startups and/or private companies. The company allows entrepreneurs to obtain financing with the added benefit of having the support of their community. For investors, Crowdcube offers a way to invest in innovative and growth potential companies traditionally only available to professional investors. Since its founding in 2011, Crowdcube has financed more than 1,300 companies, and its more than 1.3 million users have invested a total of €1.4 billion in the platform to date. Since Crowdcube began its operations in Spain in 2014, more than 35,000 retail investors and Business Angels have invested more than 75 million euros in 138 capital increases. In 2021, it transported 17 million to 13 Spanish companies: 150% more than the previous year.
Our initiative for hybrid batteries built from nanomaterials has just received public aid for a project of 1M euros from the Strategic Lines of the State Plan for Scientific, Technical and Innovation Research 2021-2023 within the framework of the Recovery, Transformation Plan and Resilience in its 2022 call. These aids are granted by the Ministry of Science and Innovation and financed by the European Union within Next Generation EU funds through the State Research Agency. The project supports the development of Hybrid Batteries based on three-dimensional electrodes/electrolytes built from nanomaterials.
Source: https://napptilusbatterylabs.com/