The corporate venture fund of Stellantis, Stellantis Ventures, has invested into French sodium ion battery developer Tiamat. It follows Tiamat successfully closing its first capital funding round, raising EUR22 million. Stellantis Ventures joins Arkema Group and the MBDA Group as strategic investors.   

A Start Up

Tiamat is a spin off from France’s Centre National de la Recherche Scientifique (CNRS) established in 2017, and focuses on designing, developing and manufacturing sodium-ion batteries for mobility and stationary energy storage systems. The scientific team behind the company produced their first sodium ion cell in 2015 and operates out of Amiens.

In its recent funding round, it raised EUR22 million (USD24 million) in which Stellantis Ventures was a major investor. With support from…

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Image credit: Adobe Stock