Molyon
Assembly Line
Molyon powers up with $4.6M funding to develop next-gen Lithium-sulfur batteries for robots and drones
Molyon, which develops next-generation batteries with double the energy density of current lithium-ion batteries, has landed $4.6 million in first funding. The round was co-led by IQ Capital and Plural, which recently invested in VSParticle and The Exploration Company. The funding will enable Molyon to expand the team and begin manufacturing at its pilot facility. This will enable the company to develop Li-S batteries for drones and robots, which will benefit from the lighter weight and improved range that Molyon’s batteries will provide.
Molyon has emerged from 15 years of material science research in the Chhowalla Group at the University of Cambridge. It was founded by Dr. Ismail Sami and Dr. Zhuangnan Li, who met whilst studying under co-founder Professor Manish Chhowalla. Dr. Sai Shivareddy (co-founder and CEO of battery technology startup Nyobolt) also joined the founders to discover and develop this high-performance cathode technology. Molyon’s technology is based on metallic molybdenum disulfide (MoS2), which allows sulfur to remain stable and provide high energy density over hundreds of cycles. It revolutionises the Li-S battery field.