Chinese battery fire safety solution provider Litai New Energy raises tens of millions of yuan in angel investment funding
In a significant development for the new energy vehicle (NEV) and energy storage industries, Chinese startup Litai New Energy Technology Co., Ltd. ("Litai New Energy") has secured tens of millions yuan in angel funding from investor CASSTAR. This funding will be used to industrialize Litai New Energy's proprietary lithium battery fire suppressant technology.
The technology, developed independently by Litai New Energy, addresses a critical problem in the NEV and energy storage sectors: lithium battery fires. Rapid growth in these industries has led to concerns over thermal runaway and fire incidents, which pose serious safety risks and hinder development.
Litai New Energy's solution tackles these challenges through a combination of fire suppression agents and intelligent fire protection systems. The suppressant employs a nanoparticle-based flame-retardant cooling film, dispersed radical scavengers, and targeted metal chelators.
Upon activation, the suppressant rapidly produces a dense, fine foam that effectively smothers flames, adsorbs electrolyte and flammable gases, and halts the chain reaction of combustion. This foam provides a clean, efficient, and highly effective means of extinguishing lithium battery fires, with strong re-ignition resistance.
The technology's performance is superior in low-temperature tolerance, corrosion resistance, vapor pressure, spray pressure, and extinguishing efficiency. These features make it a promising solution for energy storage containers and cabinets, NEV charging and battery-swap stations, telecom base stations, and residential and commercial energy storage systems.
The funding will also be used to upgrade core technologies and expand market presence, with a focus on the energy storage and NEV sectors. Litai New Energy's lithium battery fire suppressant technology significantly enhances safety in these industries, mitigating thermal runaway fire risks and improving industry safety standards. As a result, this technology has the potential to become a key safety enhancer in these rapidly growing industries.
[1] This article is based on a press release from Litai New Energy and does not contain any opinions or unrelated information.
Investing in Litai New Energy's technology could lead to substantial returns, as their lithium battery fire suppressant shows great promise in addressing critical safety issues within the new energy vehicle (NEV) and energy storage industries. This technology, with its superior low-temperature tolerance, corrosion resistance, and high extinguishing efficiency, not only tackles lithium battery fires but also expands its applications to various sectors such as energy storage containers, NEV charging stations, telecom base stations, and residential energy storage systems. Furthermore, the funding secured by Litai New Energy will not only industrialize their technology but also upgrade core technologies and expand market presence, particularly in the NEV and energy storage sectors.
