Stellantis Ventures, the pioneering corporate venture fund of Stellantis N.V., is driving innovation in clean mobility by strategically investing in Tiamat, a France-based company at the forefront of sodium-ion battery technology. This strategic move aligns seamlessly with Stellantis’ commitment to sustainable energy solutions and its ambitious Dare Forward 2030 strategic plan, aimed at achieving carbon neutrality by 2038.
Sodium-Ion Technology Advantages:
Tiamat’s sodium-ion technology stands out as a promising alternative to traditional lithium-ion batteries. With a lower cost per kilowatt-hour and the absence of lithium and cobalt, this innovative technology leverages abundant sodium, contributing to increased sustainability and reduced dependence on scarce materials.
Tiamat’s groundbreaking work in battery technology has not gone unnoticed. The company was honored with a Stellantis Ventures Award in 2023, solidifying its position as one of the top-performing technology start-ups. Stellantis Ventures’ strategic investment underscores its dedication to fostering cutting-edge technologies in the automotive and mobility sectors.
Stellantis’ Clean Mobility Mission:
Ned Curic, Stellantis Chief Engineering and Technology Officer, emphasized the significance of exploring sustainable and affordable battery options within the Dare Forward 2030 strategic plan. He stated, “Exploring new options for more sustainable and affordable batteries that use widely available raw materials is a key part of our ambitions.” This aligns with customers’ increasing demand for emissions-free vehicles that offer a combination of robust driving range, performance, and affordability.
Diversified Investment in Alternative Technologies:
Stellantis is actively diversifying its investments in alternative energy storage technologies to achieve its ambitious goals. In addition to the strategic investment in Tiamat for sodium-ion technology, Stellantis is engaged in projects involving solid-state batteries with Factorial Energy, lithium-sulfur chemistry with Lyten Inc., and other innovative solutions. These investments exemplify Stellantis’ commitment to staying at the forefront of technological advancements in the automotive industry.
Tiamat’s Future Plans:
As a spin-off of the French National Centre for Scientific Research (CNRS), Tiamat leverages cutting-edge innovations. The funds raised, including the investment from Stellantis Ventures, will empower Tiamat to construct a sodium-ion battery plant in France. The initial focus will be on power tools and stationary storage applications, with plans to scale up production for second-generation products tailored for battery electric vehicle (BEV) applications.