Sparkz’s core technology is FeCAM™, a proprietary nickel-free, cobalt-free cathode material for lithium iron phosphate (LFP) batteries. This vertically integrated approach—leveraging material science, manufacturing processes licensed from Oak Ridge National Laboratory, and DOE-funded initiatives—reduces raw material costs by roughly 40%, triples battery cycle life to up to 5,000 cycles, and enhances safety.
FeCAM™-based LFP batteries and battery components designed for automotive, commercial, and energy storage applications, offering up to 5,000 cycle life, enhanced safety, and cost efficiency compared to traditional lithium-ion chemistries.
In 2024 Sparkz secured a $280 million contract with Ryvid for automotive battery components and opened a Sacramento facility for lithium battery material and cell production supported by a $9.8 million DOE grant. A new pilot plant in Livermore and a 2025 facility in Taylor County, West Virginia, will boost LFP component production. Collaboration with the United Mine Workers of America trains displaced coal workers, aiming for 10,000 tons of cathode active material capacity by 2030.
Investors include Ulu Ventures, Monta Vista Capital, and Launch Tennessee (led a $17M round in 2024). Additional funding comprises a $2.6M BRIDGE grant from the California Energy Commission in 2021; an $11.2M CalCompetes grant in 2023; a $9.8M DOE grant; and a $12.9M California tax credit.
