Hatch Resources, Austin, TX 78701, US

TexPower commercializes cobalt-free, high-capacity, drop-in cathode materials for lithium-based batteries. It focuses on producing cathode materials and leverage expertise from the battery industry for manufacturing customized lithium-ion batteries for a variety of end-users. They commercialize cathodes that can replace commercial battery cathodes and can be deployed in portable electronics, electric vehicles, drones, robots, and more. It is comprised of metals such as nickel, manganese, aluminum, iron, zinc, and more and are synthesized through standard industrial manufacturing processes. This synthesis route is used for producing mainstream cathode materials for electric vehicles across the world, namely, lithium nickel-manganese-cobalt oxide (NMC) and lithium nickel-cobalt-aluminum oxide (NCA). Their products also offer a value proposition that enables at least 10% higher energy density, 25% lower raw material costs, increased sustainability, and a secure and benign battery supply chain. TexPower's cobalt-free cathodes offer security benefits for the military battery applications. Wangda Li, Arumugam Manthiram, and Evan Erickson founded the company in 2019 in Austin, Texas.