Is sodium-ion the future of battery tech? - Stellantis Ventures all-in on Tiamat
By Ilkhan Ozsevim2024-01-18T00:41:00
France’s Tiamat has taken the spotlight with its advanced sodium-ion battery cell chemistry, awarded by Stellantis for its potential to offer a lower cost per kWh and an eco-friendly alternative to lithium-ion. Stellantis Ventures, the corporate venture fund of automotive giant Stellantis N.V., has recently announced strategic investment in Tiamat, signaling a strong belief in the sodium-ion technology’s potential.
If you look up the top-performing startups and innovation partners for 2023, under the ‘technology’ category, you will find France’s Tiamat. The award was presented by Stellantis for developing “an advanced sodium-ion battery cell chemistry, which offers a lower cost per kWh and an alternative to lithium-ion, free of lithium and cobalt, increasing sustainability and sovereignty.”
According to an official Stellantis press release, Tiamat is the first ever company in the world to have recently commercialised a sodium-ion technology in an electrified product. In the transition towards EVs, the search for the right EV infrastructures, battery architectures and chemical compositions is critical, and it should be said, is still an ongoing project. OEMS and Tier Suppliers are working overtime to find the right combinations to sustain, and even accelerate the transition to EVs. Now, Stellantis Ventures has announced its own participation as a strategic investor in Tiamat, that same France-based company, for its development and commercialisation of the sodium-ion battery technology that Stellantis presented an award for.