Next-Generation Battery Technology Market Opportunity
Amprius Technologies is a privately held battery manufacturing company specializing in Silicon Nanowire Technology. If you think about your iPhone, iPad, laptop, electric vehicle, or anything that uses a rechargeable battery, what do they have in common? They all use high storage lithium-ion batteries. All the companies manufacturing these products are looking for a battery with greater storage capacity, a more significant number of rechargeable cycles, and cheaper manufacturing costs. The TAM for a higher capacity battery is limitless. Amprius currently caters their product to autonomous air travel, US Defense, and consumer electronic wearables.
Batteries today are primarily made with Lithium-ion technology. Lithium, for all of its popularity and market acceptance, has reached its maximum storage capacity. As newer and faster rates of innovation are speeding up the adoption of revolutionary technology, the batteries to power them are fighting to keep up.
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