Chinese battery fire safety solution innovator Litai New Energy receives numerous millions in angel investment funds
Litai New Energy Secures Angel Funding for Lithium Battery Fire Suppression Technology
Nanjing Litai New Energy Technology Co., Ltd., a Chinese startup specializing in battery fire safety solutions, has recently completed an angel round of funding that raised tens of millions of yuan. The investor for this round was CASSTAR.
The fresh capital raised by Litai New Energy will be used to target specific markets, including energy storage, new energy vehicle (NEV), and telecom sectors. A significant portion of the funds will be allocated to accelerate the industrialization of Litai New Energy's proprietary lithium battery fire suppressants.
Litai New Energy's products are primarily aimed at energy storage containers and cabinets, NEV charging and battery-swap stations, telecom base stations, residential, and commercial energy storage systems. The solution developed by Litai New Energy includes a nanoparticle-based flame-retardant cooling film, dispersed radical scavengers, and targeted metal chelators.
Upon activation, the suppressant produced by Litai New Energy rapidly produces dense and fine foam that effectively smothers flames, adsorbs electrolyte and flammable gases, and halts the chain reaction of combustion. This clean, efficient extinguishing performance and strong re-ignition resistance set it apart from conventional fire agents.
The rapid growth of the NEV industry has led to concerns over thermal runaway and fire incidents in energy storage systems, NEVs, and telecom base stations. The adaptability and stability of Litai New Energy's products are enhanced across diverse application scenarios, aiding in mitigating battery fire risks.
The funds raised will also be used to upgrade core technologies and expand market presence. With this funding, Litai New Energy aims to further develop and optimize its fire suppression agents and intelligent fire protection systems, designed specifically for lithium batteries.
While search results do discuss lithium-ion battery fire suppression technologies in general, mentioning companies like Redline and KnightTEK with new suppression and containment systems, no verified public details about Litai New Energy’s fire suppression technology or angel funding could be found in the current search results. If you need detailed, up-to-date specifics about Litai New Energy, consulting their official communications or industry reports directly would be advisable.
The water-based formulation of Litai New Energy's suppressant exhibits superior performance in low-temperature tolerance, corrosion resistance, vapor pressure, spray pressure, and extinguishing efficiency. This makes it an ideal solution for the energy storage and new energy vehicle sectors, where safety and efficiency are paramount.
With this funding round, Litai New Energy is poised to make significant strides in the battery fire safety industry, addressing the growing concerns surrounding thermal runaway and fire incidents in the NEV and energy storage sectors.
Investing in technology by CASSTAR secures funding for Litai New Energy's lithium battery fire suppression technology, which is aimed at specific markets, including energy storage, new energy vehicles (NEV), and telecom sectors. The fresh capital will be used to enhance the adaptability and stability of Litai New Energy's products, upgrade core technologies, and further develop its fire suppression agents and intelligent fire protection systems, tailored for lithium batteries.
