Chinese battery fire safety solution innovator Litai New Energy obtains tens of millions of yuan in angel financing
Litai New Energy, a Chinese startup, has recently secured tens of millions of yuan in angel funding from investor CASSTAR. The company aims to address the growing concerns over thermal runaway and fire incidents in the rapidly expanding New Energy Vehicle (NEV) industry.
Litai New Energy specialises in developing fire suppression agents for lithium batteries, a critical component in NEVs and various energy storage systems. The company's solution includes a nanoparticle-based flame-retardant cooling film, dispersed radical scavengers, and targeted metal chelators.
The startup's water-based formulation shows enhanced extinguishing efficiency, superior corrosion resistance, and superior low-temperature tolerance. This makes it an ideal solution for a wide range of applications, including NEV charging and battery-swap stations, telecom base stations, commercial energy storage systems, and residential energy storage systems.
One of the standout features of Litai New Energy's products is their ability to rapidly produce dense and fine foam that effectively smothers flames and halts the chain reaction of combustion. The spray pressure of the water-based formulation is also superior, ensuring efficient dispersion.
However, there are currently no verified or specific assessments of Litai New Energy's fire suppression solution's effectiveness in fire prevention or mitigation for lithium battery fires in energy storage or new energy vehicles. To gain more detailed performance information, it may be necessary to consult Litai New Energy's official publications, technical datasheets, or independent third-party testing reports.
Despite the lack of specific data, the importance of addressing battery fire challenges cannot be overstated. These incidents pose serious safety risks and hinder the development of the industry. The funds secured by Litai New Energy will be used for the industrialization of their lithium battery fire suppressants, upgrading core technologies, and expanding market presence.
In conclusion, Litai New Energy's innovative approach to tackling battery fire challenges could play a significant role in ensuring the safety and continued growth of the New Energy Vehicle and energy storage industries. As the company continues to develop and refine its technology, more information about its effectiveness and performance will likely become available.
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