Cambridge-based Molyon, a company focused on developing next-gen lithium-sulfur batteries, has raised $4.6M (approximately €4.37M) in its first funding round, co-led by IQ Capital and Plural.
The funds will support the expansion of its team, including battery engineers, material scientists, and operations staff, to facilitate manufacturing at its pilot facility in Cambridge.
Next-generation lithium-sulfur batteries
With the increasing demand for batteries driven by electrification efforts, particularly in transportation, Molyon aims to address the limitations of Li-ion batteries, such as their low energy density and reliance on critical materials like nickel, manganese, and cobalt.
The company is focusing on lithium-sulfur (Li-S) batteries, which offer higher energy density and use more abundant materials like sulfur. However, due to issues with the cathode material, these batteries have faced challenges in…
