Gaia Membranes wins kick funding

▤ Summary

Gaia Membranes is one of two winners in the Venture Kick final and is set to receive 130,000 francs. According to a Venture Kick press release, lithium ion batteries are currently the technology of choice for consumer electronics and electric vehicles. However, they also have problems, such as rapid charge deterioration and short lifetime, a highly-flammable and explosive chemistry and expensive end-of-life management. A major advantage is the significant reduction in production costs compared to competing materials. With the kick funding, the startup plans to accelerate its manufacturing scale-up and bring a first product to market by the end of 2019, said Elian Pusceddu, co-founder and CEO of Gaia Membranes.

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