And again, a Polish startup celebrates! The Batteries rakes in 12 million!
Once again we present a successful Polish company. The company created by co-workers of Apple, Samsung or Sharp gets a grant from January Ciszewski in the amount of PLN 12 million. What is and what does The Batteries do?
– Funds obtained from JR HOLDING will enable us to implement the next stages of the project including launching a pilot line for the production of thin-film batteries. Additionally, being listed on the main market will allow us for further intensive development, including raising further funds in the future to scale production – says Jacek Błoński, Chairman of the Supervisory Board of The Batteries.
According to mamstartup.pl, THE BATTERIES is a Polish project by engineers who have previously developed custom vacuum production equipment for huge technology corporations abroad. As the company’s home page reads, it is responsible for creating and patenting a process for making thin-film batteries through the use of vacuum evaporation enhanced by ultra-dense plasma.
Vacuum evaporation with plasma?
Yes, we read it right. It turns out that these processes are rarely used in mass production as it is very expensive and time consuming. The startup’s advantage will lie in the construction of its own machines, which are the result of internal development and research. The production process itself has also been modified so that production can take place as planned.
What distinguishes a thin film battery?
Standard lithium-ion or lithium-polymer batteries have a heterogeneous structure of material that is contaminated with components of other substances that are not part of the cell but allow it to hold together. This is a feature that limits the ability of such a cell to pass energy.
Referring to unconventional thin-film technology, it allows for the deposition of highly crystalline material without additional granularity. The reason for this is more energy density. This significantly improves the energy density of the material and can provide up to twice the results. It is a semiconductor material. Semiconductors, or solid state electrolytes, are not as sensitive to chemical reactions as jellies and liquids, which prolongs their operation and eliminates the danger of uncontrolled arson and explosions, even when they are damaged.
What battery plasma technology can be used for?
THE BATTERIES team argues that there are at least two clear scenarios in which it seems rational to take advantage of their revolutionary product. This is reasonable when the manufacturer wants to extend the working time of their devices on a single charge, with the assumption that they do not want to make any major structural changes to the device. The second option is to maintain a similar working time on a single charge, subject to fundamental changes in the proportions of the device or its specifications, e.g. in the form of additional components, thinner circumference and slimmer casing.
What JR Holding wants to achieve?
The startup has set as its investment goal the completion of research and readiness of a product that has the appropriate certifications and approvals. Battery tests should be performed with business partners and potential customers willing to use the solution in the future, which can be helpful in developing and implementing a distribution model. The development of a manufacturing factory and the licensing of technology or the development of new production capacity is also at stake.
– We are convinced that the technology developed by The Batteries team is groundbreaking and will find wide application in the production of batteries for electronic devices. This investment fits with other companies in our portfolio operating in the energy innovation sector. We assume that these technologies will fit into the trend of energy transformation and have the prospect of intense development – convinces January Ciszewski, President of JR Holding Asi.
The agreement between the companies obliges JRH to invest, by which it means taking 12.5 percent of. capital, in exchange for two tranches of a total amount of PLN 12 million. The second part of the funds will not be transferred until the business objectives are met. Once this phase is successful, then we can look forward to moving The Batteries to Nexity. Congratulations!