The engineering and technology startup MaxAh that works on the technology of lithium power supply production using the Ukrainian graphene has been recognized as a promising project by the Ukrainian State Chemical Technology University.
According to representatives of the startup, a final prototype (with improved load and energy-storage capacity compared to regular batteries) can be presented in Q2 2022.
The most powerful battery in the world
MaxAh uses graphene produced in Ukraine as cathode or anode material for non-water electrolytes of lithium power supplies. It helps improve the load capacity, power distribution, and storage.
“The main focus here is on our local graphene. A basic element of electrodes during our tests is two-layer graphene synthesized in Ukraine. In the future, it will lead us to the vertically integrated production process. Titanium, magnesium, lithium — we have all that in our country. We not only have it, but we are also ready to use it,” MaxAh said.
Moreover, the project is dedicated to the development of power sources based on magnesium spinel, sulfur, iron, and phosphor compounds, not only that specific element. Thanks to that, we extend our variety to get optimal output in the end.
“Our goal is a product for big industries: transport, energy, electronics, space, medicine, defense, etc. Thanks to this approach, we solve three problems: lack of a final product, slow power supply development and production processes, and unbelievably high cost of production. And it is not a motto; it is a fact,” the startup representatives said.
The prototype release is planned for Q2 2022
According to MaxAh, another Ukrainian startup, e-bike manufacturer, Delfast showed interest in batteries with Ukrainian graphene before the test period.
“During the last decade, lithium-ion batteries became very demanded in different industries and areas of our life. They are used in mobile devices, e-vehicles, power-saving systems in the energy industry, and renewable energy. Unfortunately, they cannot solve problems and satisfy needs neither large industrial manufacturers nor end users like you and me,” noted the CEO at MaxAh, Serhii Dubinevych.
According to the plans, the release of a new battery will be at the end of Q2 2022, and the mass production can start in 6-7 months after the prototype presentation. The general development plans are following:
- Testing different systems and preparing research documentation;
- Creation of a physical prototype;
- Additional fundraising;
- Optimization of the current business plan by taking into account risks and forecasts;
- Product presentation to a wide audience.
Why it’s interesting
Because of the development of portable electronics and electro cars (most auto producers already announced that they will end the production of ICE vehicles until 2030-2035), the issue of battery capacity and charging speed is increasingly growing.
According to Allied Market Research, the world market of graphene-based lithium-ion batteries will hit $95.6 bln until 2027.
The economic forecasts and demand on devices of both users and manufacturers motivate MaxAh to raise additional funds, commercialize, and scale its inventions.
