Elevated Materials, a newly formed independent company, has launched with investments from TPG’s Rise Climate fund and Applied Materials, Inc. Building on extensive technology development from Applied, Elevated Materials brings to market ultra-thin, uniform lithium films designed to enable the next generation of batteries with enhanced energy density, cycle life, and charge rates.

Leveraging decades of materials engineering expertise and hundreds of patents, Elevated Materials’ technology 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.

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.

—Dr. Peter Lamp, Principal Expert Battery Cell Technology, BMW Group

Elevated Materials has offices in Santa Clara, Calif. and Alzenau, Germany.