LiCAP Technologies
LiCAP Technologies develops and manufactures Activated Dry Electrode technology for lithium-ion, solid-state, sodium-ion batteries, and ultracapacitors, serving automotive OEMs, energy storage, and data center customers through direct sales and equipment licensing.
- Company typePrivate
- Founded2016
- HeadquartersSacramento, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What LiCAP Technologies does
LiCAP Technologies, Inc. is a Sacramento, California-based private company founded in 2016 that develops and manufactures Activated Dry Electrode (ADE) technology for battery and ultracapacitor production. The ADE process is a three-step, solvent-free method that eliminates toxic NMP solvents and energy-intensive drying steps used in conventional wet coating, claimed to deliver 40-50% manufacturing cost reduction, 40% energy savings, and 65% factory floor space reduction. The platform is chemistry-agnostic, supporting lithium-ion (NMC, NCA, LFP, LMFP), solid-state (sulfide-based NMC811, NMC622), sodium-ion (NFM, NFPP, hard carbon), and ultracapacitor applications. The technology is protected by 31 issued patents and 28 pending applications, with founder and CEO Dr. Linda Zhong holding an additional 50+ U.S. patents from prior work at Maxwell (acquired by Tesla in 2019).
LiCAP operates a 300 MWh roll-to-roll production line in Sacramento, completed Site Acceptance Testing in July 2025, and is retrofitting a 40,500-square-foot facility into a 500 MWh manufacturing hub. The company monetizes through three primary streams: direct sales of electrode products to automotive OEMs and battery manufacturers, technology licensing to equipment manufacturers (notably Dürr System AG, which is embedding the technology in its X.Cellify DC equipment platform), and sales of ultracapacitor cells, modules, and lithium-ion capacitors through authorized global distributors including Digi-Key and Richardson RFPD. Pricing is quote-based and not publicly disclosed.
LiCAP's go-to-market spans enterprise field sales targeting major automotive OEMs (Nissan for solid-state batteries targeting FY2028, Cellforce/Porsche for pilot operations in 2026), channel partnerships with regional distributors across USA, Europe, and Asia-Pacific, and event-driven engagement at conferences such as CALSTART. The company has secured approximately $14.2M in non-dilutive grant funding from the California Energy Commission and BIRD Foundation, and was ranked #7 in Automotive on Fast Company's 2026 World's Most Innovative Companies list. Customer segments include electric vehicle manufacturers, energy storage systems, data center infrastructure, transportation, industrial, and emerging sodium-ion battery markets.
LiCAP Technologies firmographics
Firmographics- Name
- LiCAP Technologies
- Legal name
- LiCAP Technologies, Inc.
- Website
- https://licaptech.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LiCAP Technologies develops and manufactures Activated Dry Electrode technology for lithium-ion, solid-state, sodium-ion batteries, and ultracapacitors, serving automotive OEMs, energy storage, and data center customers through direct sales and equipment licensing.
- Ownership category
- akta.pro rank
LiCAP Technologies industry classification
Industry- Product category
- Battery & Ultracapacitor Electrode Manufacturing
- NAICS
- Battery Manufacturing (33591)
- akta.pro primary industry
- Battery Manufacturing Equipment & Gigafactory Automation (Coating, Calendering, Stacking/Winding) (EUAFABAM)
- akta.pro secondary industries
- Solid-State Battery Materials & Cell Manufacturing (EUAFABAH), Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)
Keywords
Where LiCAP Technologies is headquartered
LocationHeadquarters
- HQ city
- Sacramento
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
LiCAP Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Battery Electrode Products: Direct sales of Activated Dry Electrode products including electrodes for lithium-ion, solid-state, and sodium-ion batteries. The company operates its own manufacturing facility producing electrodes for OEM testing, piloting, and commercial orders.
- Technology Licensing: Licensing of proprietary Activated Dry Electrode technology to equipment manufacturers like Dürr System AG for deployment in customer manufacturing facilities. Dürr is building LiCAP-enabled production lines for OEMs including Cellforce (Porsche subsidiary) in Europe.
- Ultracapacitor Products: Sales of ultracapacitor cells (ranging from 200F to 3200F), modules (15V to 180V), and lithium-ion capacitors. Products sold through direct sales team and authorized global distributors including Digi-Key and Richardson RFPD.
- Custom/Enterprise Orders: Multimillion-dollar orders from enterprise customers including wind energy companies for specialized energy storage solutions. Quote-based pricing for custom applications and volume orders.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Ultracapacitor Electrodes - Contact for Quote |
| Other | Pay-as-you-go | Ultracapacitor Cells - Volume/Datasheet Based |
Go-to-market motion3 records
Distribution channels11 records
Marketing channels5 records
LiCAP Technologies product offering
Product offeringCore offering
LiCAP Technologies develops and manufactures Activated Dry Electrode (ADE) technology — a solvent-free, three-step process for producing battery and ultracapacitor electrodes. The company operates a 300 MWh roll-to-roll production line in Sacramento, California, producing dry electrodes for lithium-ion, solid-state, sodium-ion batteries, ultracapacitors, and lithium-ion capacitors, and licenses its ADE technology to equipment manufacturers such as Dürr System AG. Its products include standardized ultracapacitor cells and modules distributed globally through Digi-Key, Richardson RFPD, and regional partners.
Differentiator
Problem solved
Functional benefit
Products and services
- Activated Dry Electrode (ADE) Technology & Battery Electrodes Proprietary three-step solvent-free ADE process for manufacturing battery electrodes for lithium-ion (NMC, NCA, LFP, LMFP), all-solid-state (sulfide-based NMC811, NMC622), and sodium-ion (NFM, NFPP, hard carbon) batteries. Eliminates toxic NMP solvents, supports direct recycling with 99%+ yield, and is sold to automotive OEMs and battery manufacturers for OEM testing, piloting, and commercial orders.
- Ultracapacitor Cells and Modules Standard ultracapacitor cells ranging from 200F to 3200F (2.7V-3.0V) and modules ranging from 15V to 180V, including the XHP Series for AI data center UPS backup and load leveling. Sold through direct sales and global authorized distributors including Digi-Key and Richardson RFPD.
- 1M Series High Density Activated Carbon Electrodes for Ultracapacitors
- Lithium-ion Capacitor Cells Lithium-ion capacitor cells produced using LiCAP's Activated Dry Electrode process, combining characteristics of lithium-ion batteries and ultracapacitors for energy storage applications.
- ADE Technology Licensing to Equipment Manufacturers Technology licensing of LiCAP's proprietary Activated Dry Electrode process to equipment manufacturers such as Dürr System AG, which build LiCAP-enabled dry electrode production lines at OEM customer facilities. Generates royalty and licensing revenue, and enables scale deployment for European OEMs including Cellforce (Porsche subsidiary).
Quantifiable outcome
- 40% energy use reduction
- +8 more outcomes
Companies that use LiCAP Technologies
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles4 records
LiCAP Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature5 records
LiCAP Technologies partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered flagship and core.
- NissanflagshipLiCAP partnered with Nissan to establish dry electrode production for all-solid-state batteries (ASSBs), aiming to make the manufacturing process cheaper and scalable. Nissan operates an ASSB pilot line at its Yokohama plant (opened January 2025) and targets launching EVs with in-house-developed solid-state batteries by fiscal year 2028. LiCAP's Activated Dry Electrode technology enables Nissan to target $75/kWh pack cost versus ~$115/kWh global average.
- Cellforce (Porsche subsidiary)flagshipCellforce, a subsidiary of Porsche, partnered with Dürr and LiCAP to develop dry coating technology for high-performance battery cells. The partnership includes a pilot plant at Cellforce's facility in Kirchentellinsfurt, Germany, scheduled to begin operation in 2026. The technology enables energy savings of up to 40% and CO2 reduction of approximately 1 ton per 10 kWh of electrode capacity produced.
- CENScoreLiCAP and CENS received a joint funding grant to develop their Activated Dry Electrode technology aimed at improving lithium-ion battery manufacturing. The partnership is part of BIRD Foundation's $9.6 million investment in ten joint US-Israel projects.
- Dürr System AGcoreLiCAP licensed its Activated Dry Electrode technology to Dürr, a major equipment manufacturer. Dürr is building LiCAP-enabled dry electrode coating systems (X.Cellify DC) for battery manufacturers. Dürr has built a proof-of-concept plant at Ingecal in southern France and is seeking pilot partners for gigawatt-scale projects. The partnership reduces production space by up to 65% and energy consumption by up to 70% compared to conventional wet coating.
Scale indicators10 records
Recent moves9 records
Expansion highlights7 records
LiCAP Technologies competitors and assessment
Company assessmentDirect peers
- Tesla (Maxwell Technologies): Tesla acquired Maxwell Technologies in 2019 for dry electrode technology, deploying it for 4680 cells and gigafactory production. Same technology lineage (LiCAP's CEO pioneered dry electrode at Maxwell), making Tesla both the category validator and the largest internal competitor.
- Skeleton Technologies: European ultracapacitor manufacturer offering cells and modules for grid stabilization, transportation, and industrial applications. Directly comparable to LiCAP's ultracapacitor product line with overlapping target customers in grid and heavy-duty mobility.
- Dürr System AG: Global equipment manufacturer licensing LiCAP's ADE technology and building LiCAP-enabled dry electrode coating systems (X.Cellify DC) for European OEMs. Functions as a partner channel but also competes in the broader battery manufacturing equipment category.
Emerging players
- 24M Technologies: Developer of SemiSolid electrode manufacturing technology offering a different dry-electrode-adjacent path to lower-cost battery production. Comparable as an alternative manufacturing platform targeting the same gigafactory equipment buyers.
- Solid Power: Solid-state battery developer with major OEM partnerships (BMW, Ford) and sulfide-based ASSB roadmap. Highly comparable to LiCAP's solid-state battery customer base (Nissan, Cellforce) and a potential co-developer or competing process enabler.
- QuantumScape: Solid-state lithium-metal battery developer with Volkswagen as a major partner. Operates in the same solid-state battery manufacturing ecosystem as LiCAP and represents both a target customer and a competing technology pathway.
- Sakuu Corporation: Solid-state battery manufacturer developing additive-manufactured batteries. Comparable to LiCAP on next-generation battery manufacturing innovation, with overlapping investor interest in chemistry-agnostic platforms.
Broad incumbents
- Eaton (Ultracapacitor Division): Diversified power management company with a significant ultracapacitor product line serving grid, transportation, and industrial markets. A broader incumbent with overlapping distribution and customer relationships in LiCAP's ultracapacitor segment.
- SEMCORP: Large-scale battery separator and electrode coating manufacturer serving global battery OEMs. Comparable in electrode manufacturing capability and customer base, though with a much broader product portfolio and wet-coating heritage.
- Freudenberg Performance Materials: Industrial materials manufacturer with battery separator and electrode substrate products for lithium-ion and emerging battery chemistries. Adjacent peer in battery component manufacturing with established OEM relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
LiCAP Technologies social profiles
Digital presenceLiCAP Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
LiCAP Technologies leadership team
Management profileNumber of profiles
Profiles4 records
LiCAP Technologies subsidiaries and ownership
Company hierarchySubsidiaries1 record
LiCAP Technologies funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LiCAP Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LiCAP Technologies
What does LiCAP Technologies do?
LiCAP Technologies develops and manufactures Activated Dry Electrode (ADE) technology — a solvent-free, three-step process for producing battery and ultracapacitor electrodes. The company operates a 300 MWh roll-to-roll production line in Sacramento, California, producing dry electrodes for lithium-ion, solid-state, sodium-ion batteries, ultracapacitors, and lithium-ion capacitors, and licenses its ADE technology to equipment manufacturers such as Dürr System AG. Its products include standardized ultracapacitor cells and modules distributed globally through Digi-Key, Richardson RFPD, and regional partners.
Is LiCAP Technologies a public or private company?
LiCAP Technologies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was LiCAP Technologies founded?
LiCAP Technologies was founded in 2016. It employs 11 to 50 people.
Where is LiCAP Technologies based?
LiCAP Technologies is headquartered in Sacramento, United States, in the North America region.
How does LiCAP Technologies make money?
Four revenue lines are on record. Battery Electrode Products are the primary driver. The others are technology Licensing, ultracapacitor Products and custom/Enterprise Orders.
Who are LiCAP Technologies's main competitors?
Direct peers on record are Tesla (Maxwell Technologies), Skeleton Technologies and Dürr System AG. Emerging players are 24M Technologies, Solid Power, QuantumScape and Sakuu Corporation. Broad incumbents are Eaton (Ultracapacitor Division), SEMCORP and Freudenberg Performance Materials.
Does LiCAP Technologies have an API?
No public API is recorded for LiCAP Technologies.
What industry is LiCAP Technologies in?
LiCAP Technologies's product category is Battery & Ultracapacitor Electrode Manufacturing. Its primary akta.pro industry code is EUAFABAM, Battery Manufacturing Equipment & Gigafactory Automation (Coating, Calendering, Stacking/Winding), with a secondary code of EUAFABAH, Solid-State Battery Materials & Cell Manufacturing. Its NAICS code is 33591.