Growth-stage venture capital investments in batteries by technology, 2010-2023

Sources

IEA analysis based on Cleantech Group i3 database (2023).

Notes

Growth-stage to series B and growth equity deals. “Battery maker” refers to manufacturers of battery packs and cells or associated technology. “Battery component” refers to components within batteries, such as cathodes and anodes. Battery technologies may also include applications for stationary storage. Each year, the IEA team improves methodology and expands coverage, which can explain absolute value differences compared to GEVO-2023.