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Alsym Energy

The AI engine Fit Assessment

Beta

The company focuses on innovative battery chemistry solutions and develops applications suitable for commercial fleets.

Blurb

Alsym Energy develops non-lithium rechargeable batteries for stationary storage, maritime shipping, and electric vehicles.

HQ Location

Woburn (United States)

Founded

2015

Employees

51 - 200

Total funding raised

$113.55M

Funding Status

Series C, $78.00M, February 22, 2024

Alsym™ Energy has developed an innovative low-cost, high-performance rechargeable energy storage technology that’s free of lithium and cobalt, and ideal for applications such as stationary storage, maritime shipping, and electric vehicles. By using readily available, inherently non-toxic, and non-flammable energy storage materials, Alsym is working to deliver wide-duration storage with performance comparable to lithium ion at a much lower cost, speeding the pace of decarbonization for people around the world.