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Elevated Materials ™ Launches to Revolutionize Battery Performance
Elevated Materials 
Launches to Revolutionize Battery Performance
Backed by TPG and Applied Materials, Elevated Materials leverages decades of vacuum roll-to-roll processing to bring ultra-thin lithium films to the battery market
SANTA CLARA, Calif. – February 4, 2025 – Elevated Materials, a newly formed independent company, launched today with investments from TPG’s Rise Climate fund and Applied Materials, Inc. Building on extensive technology development from Applied, Elevated Materials brings to market revolutionary ultra-thin, uniform lithium films designed to enable the next generation of batteries with enhanced energy density, cycle life, and charge rates.
Jim Cushing, CEO of Elevated Materials, said :
Today’s battery market is under immense pressure to deliver improved battery performance and lower cost,
“We are helping our customers solve these challenges with our differentiated roll-to-roll vapor deposition technology. Elevated Materials’ advanced lithium films maximize energy density and provide a cost-effective solution for gigawatt-hour scale production.”
Leveraging decades of materials engineering expertise and hundreds of patents, Elevated Materials’ technology represents a breakthrough in battery innovation that can be applied across graphite, silicon, and lithium metal anodes. With a significant equity investment from TPG Rise Climate, the dedicated climate investing strategy of global alternative asset management firm TPG, Elevated Materials is equipped to help advance better-performing, lower-cost electric vehicles, eVTOLs and e-aircraft, energy storage systems, and consumer electronics.
Dr. Peter Lamp, Principal Expert Battery Cell Technology, BMW Group, said:
Elevated Materials’ expertise in thin film technology is a big step for next-generation batteries,
“Its innovative solutions are key to overcoming challenges in energy density and anode-specific capacities, such as silicon oxide materials or lithium-metal. I am confident that Elevated Materials’ technology has high potential to enhance lithium-ion cell performance and hence address a huge market.”
Jonathan Garfinkel, a Managing Partner of TPG Rise Climate, said :
Our deep understanding of the climate sector broadly, and green mobility supply chain specifically, has positioned us to uncover, carve-out, and scale breakthrough technologies like Elevated Materials,
“Incubated inside Applied Materials, a proven leader in materials science, we believe Elevated Materials’ lithium film technology will play a key role in accelerating the electrification of energy, transportation, and other industries. We look forward to complementing Applied Materials’ world-class technology expertise with TPG’s business-building capabilities to accelerate and scale this new business to serve the world’s largest battery, auto, and aviation OEMs around the world.”
Dr. Om Nalamasu, Chief Technology Officer and Senior Vice President, Applied Materials, said :
At Applied Materials, we believe that materials engineering is a fundamental capability that has the power to transform industries and make possible a better future,
“The launch of Elevated Materials is a testament to the creativity and dedication of our team, customers, and ecosystem partners in turning the vision of a next-generation energy economy into reality.”
Elevated Materials has offices in Santa Clara, Calif. and Alzenau, Germany. To learn more about how Elevated Materials is driving innovation with better materials for better batteries, please visit Elevated.inc.
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February 7, 2025 at 02:42AM
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