Mukesh Chatter, CEO and co-founder of Alsym Energy, hopes to bring groundbreaking battery technology to the automotive market.
On Wednesday, he unveiled work related to the company's progress on developing batteries that aim to be more cost effective and less flammable than traditional batteries. Alsym Energy is targeting electric vehicle use cases.
The Massachusetts company's batteries differ from many now in the market in that they don't use lithium and cobalt. Lithium is expensive and susceptible to fire and overheating incidents, and cobalt has supply chain limitations.