This post is a part of the Early Stage Climate Startup series from Climafix 2024
Highlights
- Aatral Energy offers sodium-ion batteries that are cheaper, more durable, and more efficient than lithium-ion alternatives.
- Their patented NASICON chemistry provides a cost-efficient alternative with a 30% reduction in costs compared to lithium-ion batteries.
1. Value Proposition
- Abundant & Safe: Sodium is much more abundant than lithium, resulting in a more sustainable supply chain. Utilizing NASICON chemistry, Aatral’s sodium-ion batteries are fire-safe, have zero discharge capabilities, and are designed to prevent overheating.
- Lower Costs: Aatral’s sodium-ion batteries have a 30% cost advantage over lithium-ion batteries, with cell costs ranging between $40-$80 per kWh, compared to $120 per kWh for lithium-ion.
2. Pain Points
- High Costs: Rising raw material prices for lithium and cobalt increase costs, limiting accessibility.
- Short Lifespan: Lead-acid batteries degrade quickly. Aatral’s batteries offer a longer lifespan with 90% energy efficiency.
3. Climate Impact
- Aatral’s sodium-ion technology has the potential to cut CO₂ emissions by up to 90% per kWh.
4. Current & Future Target Segments
- Current Target Segments: Aatral Energy targets sectors like solar energy storage for utilities, industrial applications, off-grid energy solutions for remote locations, and grid storage for peak load management.
- Future Potential: They plan to supply OEM battery packs, cathodes, and other battery components, as well as provide consulting and R&D services for specialized energy storage projects.
5. USP
- Their patented NASICON chemistry ensures high power density, durability, and fast charging without rare earth metals.
6. Team Profiles
- Ms. Subathra Rajendran (Founder & CEO): With over 20 years of experience in the energy industry and a Master’s in Renewable Energy from the USA, Ms. Rajendran brings a deep understanding of energy storage technologies and renewable energy systems.
- Mr. Ashokkumar (CTO): With over 10 years of experience in battery electrode manufacturing, Mr. Ashokkumar leads Aatral’s technological development efforts, ensuring that the company’s sodium-ion batteries maintain high performance and reliability.
7. Startup Headquarters
- India: Chennai