Alsym Energy develops next-generation non-flammable, non-toxic rechargeable battery chemistries free of lithium and cobalt, targeting stationary storage, maritime, and mobility markets. Its first product, Alsym Green, offers higher system-level energy density than other non-flammable, non-lithium chemistries and can operate at elevated temperatures, making it suitable for grid and stationary storage where fire risk rises with temperature. The battery supports a wide, software-configurable range of discharge durations for short-, medium-, and long-duration storage and the company highlights a low, industry-leading levelized cost of storage (LCOS). Alsym plans products for marine, two-wheeler, three-wheeler, and passenger vehicle markets following its initial stationary-storage offering. The company will use the funding to grow its Boston-area team and expand prototyping and pilot lines to meet rising demand for customer samples. Alsym is based in Woburn, Massachusetts.

Total raised

$78M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2024