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February 22, 2025
Elevated Materials Enters Battery Market with Advanced Lithium Films
Elevated Materials Enters Battery Market with Advanced Lithium Films
Elevated Materials, a new company backed by TPG’s Rise Climate fund and Applied Materials, is making strides in the battery industry. Specializing in ultra-thin, uniform lithium films, the company aims to enhance battery performance through its expertise in vacuum roll-to-roll processing and extensive patent portfolio from Applied Materials.
CEO Jim Cushing emphasized the growing demand for better battery performance at lower costs. “Today’s battery market is under immense pressure to deliver improved battery performance and lower cost. We are helping our customers solve these challenges with our differentiated roll-to-roll vapor deposition technology. Elevated Materials’ advanced lithium films maximize energy density and provide a cost-effective solution for gigawatt-hour scale production.”
The company’s lithium films are compatible with anode materials such as graphite, silicon, and lithium metal. With strong investment from TPG Rise Climate, Elevated Materials aims to support advancements in electric vehicles, eVTOLs, energy storage systems, and consumer electronics.
Jonathan Garfinkel of TPG Rise Climate expressed confidence in the company’s potential, stating, “Incubated inside Applied Materials, we believe Elevated Materials’ lithium film technology will play a key role in accelerating electrification across industries.” Learn more about this topic here.
CEO Jim Cushing emphasized the growing demand for better battery performance at lower costs. “Today’s battery market is under immense pressure to deliver improved battery performance and lower cost. We are helping our customers solve these challenges with our differentiated roll-to-roll vapor deposition technology. Elevated Materials’ advanced lithium films maximize energy density and provide a cost-effective solution for gigawatt-hour scale production.”
The company’s lithium films are compatible with anode materials such as graphite, silicon, and lithium metal. With strong investment from TPG Rise Climate, Elevated Materials aims to support advancements in electric vehicles, eVTOLs, energy storage systems, and consumer electronics.
Jonathan Garfinkel of TPG Rise Climate expressed confidence in the company’s potential, stating, “Incubated inside Applied Materials, we believe Elevated Materials’ lithium film technology will play a key role in accelerating electrification across industries.” Learn more about this topic here.
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