iM3NY

company

About

iM3NY is a startup lithium ion battery cell manufacturing company with HQ and Gigafactory located in Endicott, NY.

  • 11 - 50

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$100M
Industries
Battery,Clean Energy,CleanTech,Manufacturing
Founded date
Jan 1, 2018
Number Of Employee
11 - 50
Operating Status
Active

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$132.50M
iM3NY has raised a total of $132.50M in funding over 2 rounds. Their latest funding was raised on Apr 19, 2022 from a Debt Financing round.
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

Investors

Number of Lead Investors
Number of Investors
3
3
iM3NY is funded by 3 investors. Aon plc and Magnis Energy Technologies are the most recent investors.
Investor Name Lead Investor Funding Round
Aon plc Yes Debt Financing
Magnis Energy Technologies Yes Series A
Magnis Energy Technologies Yes Series Unknown