lithium-iron-phosphate
(4)
Base Power Company
Base Power is an Austin-based energy company that installs large-capacity home batteries and sells electricity to homeowners as a licensed Texas retail electric provider. Founded in 2023 by Zach Dell and Justin Lopas, it pairs whole-home backup with low fixed rates, using its growing fleet of distributed batteries as a virtual power plant that charges when power is cheap and discharges when the grid is strained. The company raised a $1 billion Series C in October 2025 at a $4 billion valuation and is building its own battery factory in Austin to scale nationally.
ACT-ion Battery Technologies
ACT-ion Battery Technologies is a Dallas-based advanced materials startup building a cleaner, faster way to make cathode active materials (CAM) - the single most expensive ingredient in a lithium-ion battery. Spun out of Hunt Energy Enterprises in 2019 and led by CEO/CTO Jin-Myoung Lim, ACT-ion uses a continuous, chemistry-agnostic manufacturing process to produce surface-engineered single crystal cathode powders in a fraction of the time and cost of incumbents, with less energy, water and waste. The company is scaling its process at a pilot plant in Carrollton, Texas, with the goal of anchoring a domestic battery-materials supply chain.
Electroflow Technologies
Electroflow Technologies is a San Bruno, California startup building an electrochemical direct lithium extraction (DLE) process that turns low-grade, dilute North American brines into battery-grade lithium and lithium iron phosphate (LFP) powder. By collapsing a conventional 10-step brine-to-LFP process down to three steps and using lithium-selective electrodes, the company aims to produce LFP cathode material domestically at under $2,500 per metric ton - roughly 40% below current Chinese producers - while using minimal water, chemicals, and electricity.
BYD Atto 3
The BYD Atto 3 is a battery electric compact crossover SUV manufactured by BYD Auto, the world's largest electric vehicle company. Launched in China as the Yuan Plus in February 2022 and rolled out globally as the Atto 3, it features BYD's proprietary LFP Blade Battery, a gym-inspired interior designed by former Audi and Alfa Romeo design boss Wolfgang Egger, and has sold over one million units worldwide.