Molyon raises $4.6m in initial funding to develop lithium-sulfur batteries
The round was co-led by IQ Capital and Plural to support team expansion and pilot manufacturing.
Molyon develops next-generation lithium-sulfur batteries that offer double the energy density of standard lithium-ion cells. The company emerged from research at the University of Cambridge.
Molyon has secured $4.6m in its first funding round, co-led by IQ Capital and Plural. The capital will be used to expand the team and establish a pilot manufacturing facility. The company's technology aims to resolve the traditional degradation challenges of lithium-sulfur batteries, offering improved range and reduced weight for applications in robotics and aerial drones.
The business stems from over a decade of materials science research within the Chhowalla Group at the University of Cambridge. Its cathode technology utilises metallic molybdenum disulfide to stabilise sulfur during cycling, achieving practical energy densities of 500 Wh per kg.
From the founder
"The promise of lithium-sulfur batteries has been envisaged for decades but until now it has not been possible to realise this potential because of the inherent chemistry challenges of working with sulfur. By utilising MoS2 we have achieved a groundbreaking milestone in battery technology innovation and are on track to bring this new battery chemistry to the market, creating batteries that will end range anxiety. We have an unrivalled founding team, which between us has years of commercial and research experience, along with insightful advisers and world-leading investors. Now we have the right backing to go forward and disrupt the industry for the better."
Ismail Sami
Co-founder and CEO at Molyon
Investor perspective
"Molyon’s founders have discovered a breakthrough technology with the potential to transform battery power’s suitability for use in many areas. It will improve range and performance for applications such as drones and robots, as well as for EVs, electric mobility and battery storage. This excellent and focused team has the IP, the deep technical knowledge, the drive and commercial expertise to bring this novel technology to market and build a new battery company that can challenge the legacy suppliers."
Carina Namih
Partner, Plural
Use of funds
- 01Grow the team
- 02Scale operations
