iM3NY is a startup lithium ion battery cell manufacturing company with HQ and Gigafactory located in Endicott, NY.
iM3NY is a startup lithium ion battery cell manufacturing company with HQ and Gigafactory located in Endicott, NY. We are developing a cell manufacturing Gigafactory on Huron Campus, the birthplace of IBM.We have a proprietary BMLMP cell chemistry that offers significant advancement over other phosphate based cell chemistries (for example LFP). The company has raised significant funding over 2020-22 and is fully funded for the completion of our first 1 gigawatt-hours per year (GWh/yr) Gigafactory, that will begin production during summer 2022. Future plans are to expand production capabilities to 32+ GWh over the next 8 years.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Apr 19, 2022 | Debt Financing | $100M | 1 | Aon plc | — | Detail |
Apr 16, 2021 | Series A | $23.60M | 1 | Magnis Energy Technologies | — | Detail |
Jan 31, 2020 | Series Unknown | $8.90M | 1 | Magnis Energy Technologies | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Aon plc | Yes | Debt Financing |
Magnis Energy Technologies | Yes | Series A |
Magnis Energy Technologies | Yes | Series Unknown |