French National Centre for Scientific Research
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Stellantis Ventures Invests in Tiamat and Affordable Sodium-Ion Battery Technology
Stellantis announced its participation as a strategic investor in Tiamat, a France-based company that is developing and commercializing sodium-ion battery technology. Sodium-ion technology offers a lower cost per kilowatt-hour and is free of lithium and cobalt. Abundantly available sodium offers benefits in increased sustainability and material sovereignty.
Tiamat is a spin-off of the French National Centre for Scientific Research (CNRS) and is leveraging its best-in-class innovations. The company will use proceeds from the fundraising round that includes Stellantis Ventures to launch construction of a sodium-ion battery plant in France for power tools and stationary storage applications first, and then targeting to scale-up production of second-generation products for BEV applications.