iM3NY

What iM3NY does

iM3NY (Imperium3 New York) is a U.S.-based startup engaged in the manufacturing of lithium-ion battery cells, with its headquarters and a Gigawatt-scale Gigafactory under construction in Endicott, New York. The company was founded in 2018 and operates as a subsidiary of Magnis Energy Technologies Limited (ASX: MNS), an Australian-listed strategic operating parent that provides the technology foundation and corporate backing for the venture. iM3NY's core technology centers on lithium-ion battery cell production intended for electric vehicle and stationary energy storage applications, targeting the domestic U.S. battery supply chain market. As of the most recent source data, the company remains in a pre-commercial buildout phase with the factory still under construction and no named product SKUs, customer contracts, or commercial distribution channels disclosed.

The business model is anchored on large-scale cell manufacturing rather than direct-to-consumer sales; pricing is not publicly disclosed and no go-to-market motion, named customers, or distribution channels are identified in the available sources. Revenue mechanics are therefore not yet observable. Capital formation has been the primary operating activity: iM3NY has raised approximately US$208.5 million across debt and equity rounds between January 2020 and April 2022, including a US$100 million three-year intellectual property-based financing arrangement closed in April 2022 with Atlas Credit Partners and Aon. The use of IP as collateral signals that the company holds a defensible intangible asset base, though specific patents, certifications, or production milestones are not disclosed in the input data.

Name

iM3NY

Legal name

Imperium3 New York (iM3NY)

Website

https://im3ny.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

iM3NY (Imperium3 New York) is a U.S. lithium-ion battery cell manufacturer, building a Gigawatt-scale Gigafactory in Endicott, NY to serve EV and energy storage customers. It is a subsidiary of Magnis Energy Technologies.

Ownership category

akta.pro rank

Product category

Lithium-ion Battery Manufacturing

NAICS

Battery Manufacturing (33591)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Cell Manufacturing (EV) (IMACACAB)

akta.pro secondary industries

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA), Battery Pack Manufacturing & Module Assembly (EUAFABAI)

Keywords

• Lithium-ion batteries
• Battery cell manufacturing
• Energy storage systems
• EV battery production
• Gigawatt-scale manufacturing

Headquarters

HQ city

Endicott

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Operations, Technology or R&D, Personnel

Core offering

iM3NY (Imperium3 New York) manufactures lithium-ion battery cells at a Gigawatt-scale factory in Endicott, New York. The company supplies battery cells for electric vehicle and energy storage applications, with parent company Magnis Energy Technologies providing the underlying technology foundation. The factory is in the construction/development phase and is intended to produce cells at scale for the U.S. EV supply chain and stationary storage markets.

Product overview

iM3NY (Imperium3 New York) is a subsidiary of Magnis Energy Technologies focused on lithium-ion battery manufacturing. The company is constructing a Gigawatt-scale lithium-ion battery factory in New York. No specific named product offerings, modules, or sub-products are detailed in the available source material.

Differentiator

Problem solved

Functional benefit

Products and services

• Lithium-ion battery cells

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Magnis Energy TechnologiescoreOthersMagnis Energy Technologies is the parent company and sole owner of iM3NY (Imperium3 New York). The subsidiary relationship provides corporate backing, technology access, and strategic direction for the battery manufacturing venture.

Scale indicators3 records

Expansion highlights3 records

Direct peers

• KORE Power: KORE Power is a US-based lithium-ion battery cell manufacturer building gigawatt-scale production facilities (KOREplex in Arizona). It directly competes with iM3NY in the US domestic battery cell manufacturing space targeting EV and energy storage markets.
• Microvast: Microvast is a publicly traded lithium-ion battery cell and pack manufacturer with US manufacturing operations. It directly competes with iM3NY in producing lithium-ion cells for commercial vehicle, EV, and energy storage applications in North America.
• EnerSys: EnerSys is a US-based industrial battery manufacturer producing lithium-ion and other battery technologies for motive power, reserve power, and aerospace/defense. It competes with iM3NY in industrial and commercial lithium-ion battery markets.
• American Battery Solutions: American Battery Solutions designs and manufactures lithium-ion battery packs and modules for EVs, industrial, and grid storage in the US. It directly competes with iM3NY in the US lithium-ion battery manufacturing space.

Emerging players

• Solid Power: Solid Power is a US-based battery developer focused on solid-state technology with major OEM partnerships (BMW, Ford). It represents both a competing next-generation battery technology and an alternative US-based battery investment narrative to iM3NY.
• FREYR Battery: FREYR Battery is a Norway-headquartered lithium-ion battery cell manufacturer building gigawatt-scale production in the US (Georgia). It competes with iM3NY in the US gigafactory race targeting EV and ESS customers.
• Our Next Energy (ONE): Our Next Energy is a Michigan-based battery technology company developing advanced lithium-ion and LFP cells for EVs and storage. It represents a comparable US-based battery cell startup targeting similar OEM and ESS customers as iM3NY.

Broad incumbents

• LG Energy Solution: LG Energy Solution is one of the world's largest lithium-ion battery manufacturers with US gigafactories (joint ventures with GM, Stellantis). As a broad incumbent, it represents the dominant competitive force iM3NY must displace in the US market.
• SK On: SK On is a major global lithium-ion battery cell manufacturer with multiple US gigafactories under construction in partnership with Ford and others. It directly competes with iM3NY for US OEM supply contracts and represents a formidable incumbent.
• Samsung SDI: Samsung SDI is a global lithium-ion battery cell manufacturer with US operations including a joint venture with Stellantis. It competes broadly with iM3NY in automotive and energy storage battery cell markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds5 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iM3NY