DEAD-Solid-State Battery Manufacturer for Sale

OFF-MARKET ‘Q4 2022

Solid-State Battery Manufacturer Doubles EV Range

Asking Price: Competitive Auction Format

Cash Flow: 1,253,943

Gross Revenue: 2,852,091

EBITDA: N/A

FF&E: 3M+

Inventory: TBA – Sold as produced

Established: 2019

Employees: 13

Business Description

Our Client is an engineering company that develops solid-state battery cell technology and battery packs that will double the electric vehicle range. With several unstoppable revenue streams in the field of battery cell development (solid-state, and generation 3 lithium-ion), design/manufacturing of battery packs, and recycling, our client has a growth potential only limited by the amount of investment made in its future marketing and technology. With solid revenue increases, the company is poised on the cusp of explosive growth, and seeks a Buyer to capitalize on its unique growth opportunity.

Our Client is an engineering company that is offering state of the art technological solutions for automotive and industrial players in the field of battery cell (solid-state and generation 3 lithium-ion) development and design/manufacturing of battery packs. Regarding development this happens through typical engineering services and R&D contracts. Manufacturing of battery packs happens on a typical supplier commercial basis. The profit margins for products and services are exceptional. NDA is required for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities:

Our Client currently rents substantial office, lab and manufacturing space (internationally for now). They will shortly be building owned facilities, the details of which will be provided to serious buyers.

Competition:

Regarding solid-state technology, it is very hard to make a comparison because most of the competitors are on a similar or lower TRL level (Technology Readiness Level). However, our Client has been able to reach very good results with, until recently, limited financial means and manpower.

Regarding battery systems, our Client’s approach is more flexible than that of competitors’ and the company can offer faster and modular way solutions for different applications that most of our Client’s competitors do not have.

Regarding recycling, our Client is focused on LFP (Lithium Ferro Phosphate) based batteries, while our competitors are focused on NMC (Nickel Manganese Cobalt) and NCA (Lithium Nickel-Cobalt-Aluminum Oxide) based batteries.

Competitors are developing all materials through a vertical integration from raw materials to cell production. This is very risky and challenges are high. Our Client is specialized in process development, which can be adapted to different solid-state battery generations.

Regarding battery systems: the approach of competitors is focused on dedicated markets with limited modular design strategies. Our Client’s design is fully modular and can be applied to different applications and markets.

Growth & Expansion:

Our Client has been started with a modest investment and all goals that were expected by 2025 have been reached in 2.5 years, well ahead of projections. The company vision, strategy and management quality will ensure that the future goals allowed by the investment capital will be reached by all as well. Management is looking to roll a significant portion of their ownership equity in any future consummated transaction.

The following priority projects are planned in order to expand the business and boost profits:
1. Set up of a battery pack production line with a capacity of 100MWh/year
2. Start of the battery recycling company with capacity of 1000T/year
3. Investment in solid-state battery cell facilities to acquire large contracts in excess of €10,000,000 per year
4. Launch of an IPO
5. Solid investment in HR and marketing.

Financing: TBD if the enterprise value and deal structure is right.

Reason Selling: Fast-track growth and manufacturing initiatives.