Today Stellantis Ventures, the company enterprise fund of Stellantis N.V., introduced strategic funding in Tiamat, a France-based firm creating and commercialising sodium-ion battery expertise.

Sodium-ion expertise gives a decrease price per kilowatt-hour and is freed from lithium and cobalt. Abundantly accessible sodium gives advantages in elevated sustainability and materials sovereignty.

Tiamat is a spin-off of the French National Centre for Scientific Research (CNRS). 

It was amongst 11 top-performing expertise start-ups honoured with a Stellantis Ventures Award in 2023. It is the primary firm on the planet to have lately commercialised a sodium-ion expertise in an electrified product.

Sodium-ion expertise guarantees a cheaper power storage than at this time’s extensively used lithium-ion battery expertise.

According to Ned Curic, Stellantis Chief Engineering and Technology Officer: 

“Our clients are asking for emissions-free autos with a strong driving vary, efficiency and affordability.

This is our North Star, as Stellantis and its companions work at this time to develop ground-breaking applied sciences for the long run.”

Stellantis is investing within the improvement of different applied sciences for power storage, together with solid-state batteries with Factorial Energy, lithium-sulphur chemistry with Lyten Inc. and sodium-ion with Tiamat.

Tiamat will use proceeds from the fundraising spherical, together with Stellantis Ventures, to launch the development of a sodium-ion battery plant in France for energy instruments and stationary storage functions.

Then Taiamat will scale up the manufacturing of second-generation merchandise for BEV functions.

Image:Tiamat. Photo: uncredited.