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iM3NY
Independent lithium-ion cell manufacturer that is commercializing cell chemistry developed in the USA
About iM3NY
iM3NY is a US-based independent manufacturer specializing in lithium-ion cells. The company's primary focus is on commercializing cell chemistry that has been developed domestically. Their supply chain is primarily North American, emphasizing their commitment to local production. iM3NY's products are versatile, powering a wide range of electric vehicles from scooters and bikes to cars, buses, trucks, boats, and even planes. Additionally, their cells are used for stationary energy storage, aiding in the implementation of renewable energy sources like solar and wind power.
The company operates in the energy market, specifically in the lithium-ion battery sector. Their business model revolves around manufacturing and selling their proprietary P-Series phosphate-based cells, which offer superior energy density and lower costs than typical Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC) cells. Their primary clients include manufacturers of electric vehicles and renewable energy systems, as well as industries that require energy storage solutions.
iM3NY's revenue is generated through the sale of their lithium-ion cells. The company also places a strong emphasis on sustainable manufacturing practices, aiming to reduce their carbon footprint through waste reduction and recycling. Their commitment to green technology and manufacturing methods is a key part of their business strategy.
In 2022, iM3NY opened their Gigafactory in Upstate New York, where they manufacture their cells with a significantly lower carbon footprint than other manufacturers. This move further solidifies their position as a leader in the US lithium-ion battery manufacturing industry.
Source: Dealroom company dataAt a glance
- Founded
- 2017
- Headquarters
- Town of Union, United States
- Sector
- Transportation
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Magnis Energy Technologies
Series B and later3 investors entered at this stage
Riverstone Holdings
Atlas Credit Partners
Aon
Source: Dealroom Talent Intelligence.
Global footprint
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