Farasis Energy is a global developer and manufacturer of high-performance lithium-ion battery technology, specializing in pouch cells for electric mobility and sustainable power storage. Founded in 2002 by Dr. Keith Kepler and Dr. Yu Wang in Silicon Valley, the company has grown into a significant player in the battery industry. With research and development centers across China, Germany, and the United States, Farasis Energy has established itself as a trusted supplier of advanced battery solutions. The company’s success is built on continuous innovation in battery cell chemistry and design, leading to products that meet the demanding requirements of automotive manufacturers and industrial applications worldwide.
Battery Technology
Farasis Energy’s product portfolio centers on advanced lithium-ion and solid-state battery solutions. Their current generation of lithium-ion pouch cells, including the P73 and P79 models, deliver energy densities of 294 Wh/kg and 323 Wh/kg respectively, setting industry standards for performance. The company’s solid-state battery development has yielded impressive results, with prototypes achieving energy densities exceeding 400 Wh/kg using lithium metal anodes and high nickel cathodes.
The company’s semi-solid-state battery technology has evolved through three generations, each marking significant improvements. The latest iteration reaches 400 Wh/kg, while earlier versions offer 280-300 Wh/kg with fast-charging capabilities. Farasis Energy also implements cell-to-pack design strategies, which integrate cells directly into pack housings, improving overall energy density by up to 20%.
Their manufacturing processes incorporate advanced quality control systems and automated production lines, ensuring consistent product quality. The company’s batteries serve various applications, from passenger vehicles and commercial trucks to industrial machinery and energy storage systems.
Recent Projects
In January 2024, Farasis Energy advanced its all-solid-state battery technology into real-world testing, demonstrating stable cell cycling and enhanced safety features. The company received recognition in China’s 2024 Solid-State Battery Competitiveness Rankings as a top-10 brand. Additionally, Farasis Energy participates in a German research consortium developing safer plastic-based battery housings for electric vehicles, funded by the Federal Ministry for Economic Affairs and Climate Action.
Investors
Farasis Energy maintains strong financial backing from various institutional investors. Major stakeholders include Farasis Energy, Inc. (25.51%), China Reform Fund Management Co. Ltd. (16.99%), and Guangdong State-Owned Assets Supervision & Administration (9.825%). The company has raised $991.47 million through eight funding rounds, achieving a valuation of $4.3 billion as of July 2020. Strategic partnerships with automotive companies like Mercedes-Benz and Geely demonstrate investor confidence in Farasis Energy’s technology and market position.
Business Details
Location: Hayward, California, USA
Website: https://farasis-energy.com
LinkedIn: https://www.linkedin.com/company/farasis/