CUSTOMCELLS® - CUSTOMCELLS® increases stake in E-Lyte Innovations

High-performance electrolytes: CUSTOMCELLS® increases stake in E-Lyte Innovations

Application-specific battery cells require precisely fitting materials: CUSTOMCELLS® is therefore further expanding its stake in E-Lyte Innovations GmbH. E-Lyte Innovations develops and produces liquid electrolytes for high-performance battery cells that are used in the industrial and automotive sectors, among others.

CUSTOMCELLS®, one of the leading companies in the development and series production of state-of-the-art lithium-ion battery cells, has long maintained an intensive collaboration with E-Lyte Innovations. The company, which has sites in Itzehoe and Tübingen, is now increasing its share in the company from eight to ten percent as part of a financing round.

In addition to CUSTOMCELLS®, the FUCHS Group, which operates globally in the lubricants sector, will also be on board at E-Lyte in the future and will acquire 28 percent of the company's shares. In 2019, the Group launched FUCHS2025, a strategy program aimed at exploiting the opportunities presented by the megatrends of digitalization, sustainability and e-mobility in the coming years. This is precisely what this new investment is paying for.

Ready-to-use electrolytes for industrialization in the battery sector

"Specific battery cell designs for premium applications are a CUSTOMCELLS® success model - Made in Germany. This also requires specific materials. Electrolytes significantly determine the performance and aging properties and are a particularly important adjusting screw for application-optimized cell developments for CUSTOMCELLS®," says Torge Thönnessen, co-founder of CUSTOMCELLS®. "E-Lyte Innovations GmbH develops, optimizes and distributes application-specific 'ready-to-use' electrolytes and is therefore an important development partner for CUSTOMCELLS®. We look forward to continuing to achieve further, joint successes in the field of industrialization in the battery sector in the future."

"A universal electrolyte for batteries no longer exists today, and differentiation is increasing more and more. Rapidly developing battery technologies in a wide variety of applications are causing the demand for customized electrolyte formulations and ever larger production volumes to virtually explode. To meet this, we need a local supply chain. Not least because the electrolyte's limited shelf life does not allow for long delivery and storage times," says Dr. Ralf Wagner, managing partner of E-Lyte Innovations GmbH.

"Even though this market is new territory for us, we at FUCHS are very familiar with offering tailor-made solutions worldwide for special customer requirements and a wide variety of functional fluid applications," said Stefan Fuchs, Chairman of the Executive Board of the FUCHS Group. What the new partners have in common, he said, is that they do not serve the mass market, but focus on promising high-performance applications.