Licovolt
Licovolt is a Dublin-based battery materials technology company licensing an oxalic acid-based process for cathode active material production to automotive OEMs, CAM producers, data center operators, and battery recyclers.
- Company typePrivate
- Founded2022
- HeadquartersDublin, Ireland
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Licovolt does
Licovolt is a Dublin-based battery materials technology company developing an oxalic acid-based process for producing cathode active materials (CAM), a critical input for lithium-ion batteries. The company's core innovation replaces incumbent acid-based CAM synthesis routes with an oxalic acid pathway that reportedly delivers a 64% reduction in energy use, cuts calcination time from more than 18 hours to approximately 6 hours, achieves 3x–7x throughput improvement, and eliminates sodium sulphate waste. The process is also positioned to yield single-crystal CAM, which commands an estimated 15% market premium.
The business model is built around technology licensing and joint development agreements rather than captive production. Per the company's published economics, each 10,000 tonnes per annum (tpa) of licensed capacity is projected to generate approximately €84.3 million in annual gross value and up to €34 million in CAPEX savings for the licensee, with downstream revenue flowing to Licovolt through license fees, milestone payments, or equity-linked structures.
Licovolt targets Western battery supply chain participants: automotive OEMs, CAM producers, data center operators, and battery recyclers. The company maintains offices in Dublin (headquarters) and Brisbane, Australia, and operates within a regulatory environment favorable to localized, lower-emission battery materials — including EU recycling mandates (70% by 2025, 80% by 2030) and US Department of Energy funding programs exceeding $3B for battery materials. The company is pre-revenue, seed-stage, with 1–10 employees and a leadership team that combines technical founders (CSO Tony Keene, CTO Steven Ferguson, Executive Director Clint Zahmel, NED Mark Connolly) with a Special Board Advisor (Kenneth Hoffman) bringing McKinsey battery materials experience.
Licovolt firmographics
Firmographics- Name
- Licovolt
- Legal name
- Licovolt™
- Website
- https://licovolt.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Licovolt is a Dublin-based battery materials technology company licensing an oxalic acid-based process for cathode active material production to automotive OEMs, CAM producers, data center operators, and battery recyclers.
- Ownership category
- akta.pro rank
Licovolt industry classification
Industry- Product category
- Battery Materials Technology
- NAICS
- Battery Manufacturing (33591), Chemical Manufacturing (325)
- SIC
- Miscellaneous Chemical Products (2890)
- akta.pro primary industry
- Cathode Active Materials (CAM) Manufacturing (EUAFABAB)
- akta.pro secondary industries
- Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Battery Dismantling, Discharge & Pre-processing (Safe Handling, Shredding, Black Mass Production) (EUAFACAB)
Keywords
Where Licovolt is headquartered
LocationHeadquarters
- HQ city
- Dublin
- HQ country
- Ireland
- HQ region
- Europe
Offices2 records
Markets served
Licovolt business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Technology Licensing: Licensing of proprietary oxalic acid cathode manufacturing process to CAM producers. Generates licensing fees and ongoing royalties based on production capacity licensed.
- Joint Development Agreements: Co-development partnerships with manufacturers to implement Licovolt's technology, generating development fees and establishing long-term licensing relationships
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Licovolt product offering
Product offeringCore offering
Licovolt licenses a proprietary oxalic acid-based cathode active material (CAM) production process and patented materials to cathode active material producers and battery manufacturers. The technology enables single-crystal, partially lithiated CAM production with a 64% reduction in energy consumption, elimination of sodium sulphate waste, and 3x-7x higher throughput from existing furnace infrastructure. Revenue is generated through technology licensing (licensing fees and royalties tied to licensed production capacity) and joint development agreements with industrial partners.
Product overview
Licovolt offers a single unified cathode active material (CAM) production technology based on a proprietary oxalic acid and process system. The company's core product enables the production of single-crystal, partially lithiated CAM — a premium material for batteries — while dramatically reducing energy consumption (by ~64%), eliminating sodium sulphate waste entirely, and reducing furnace capital requirements by up to €34M per 10,000 tonnes per annum licensed. The technology is offered through joint development and licensing arrangements to Western manufacturers seeking to produce battery materials competitively.
Differentiator
Problem solved
Functional benefit
Products and services
- Licovolt Cathode Active Material (CAM) Production Technology Proprietary oxalic acid-based cathode active material (CAM) production process licensed to industrial CAM producers and battery manufacturers. Enables single-crystal, partially lithiated CAM with 64% energy reduction, elimination of sodium sulphate waste, calcination time reduced from 18+ hours to 6 hours, and 3x-7x higher throughput from existing furnace infrastructure.
Quantifiable outcome
- Energy consumption reduced by ~64% (from ~4,000 kWh/t to ~1,440 kWh/t)
- +6 more outcomes
Companies that use Licovolt
Customer profileSegments4 records
Ideal customer profiles4 records
Licovolt technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Licovolt partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights6 records
Licovolt competitors and assessment
Company assessmentDirect peers
- Nano One Materials: Venture-backed developer of a proprietary low-waste, single-crystal cathode process technology (One-Pot process) targeting the same Western CAM/pCAM licensees as Licovolt. Closest direct competitor in process-IP licensing for CAM.
- Mitra Chem: US-based iron-based CAM developer using proprietary process technology to produce low-cost, domestically manufactured cathode materials. Competes for the same Western OEM-driven, China-independent CAM supply chain.
- Ascend Elements: US-based company that recovers critical minerals from spent lithium-ion batteries and produces CAM/pCAM (Hydro-to-Cathode process). Overlaps directly with Licovolt's recycled-content CAM and battery recycling use cases.
- Redwood Materials: Leading US battery recycling and cathode-active material company backed by Panasonic, Ford, Toyota and Volkswagen. Directly comparable on the recycling-to-CAM thesis targeting Western OEM supply chains.
- Li-Cycle: Major lithium-ion battery recycler producing black mass for downstream refining and CAM production. Comparable battery recycling end-market and serves as a potential downstream offtake partner for Licovolt's chemistry.
Broad incumbents
- Umicore: Belgian global materials technology group with a large established CAM and battery materials business and ongoing R&D into next-generation, lower-waste cathode chemistries. Broad incumbent operating in the same CAM value chain.
- BASF Battery Materials: Diversified global chemical company with a significant CAM/pCAM business for lithium-ion batteries. A potential large licensee or competitor depending on whether it pursues its own alternative low-emission CAM route.
- POSCO Future M: South Korean integrated cathode and precursor producer (formerly POSCO Chemical). Represents the Asian incumbent CAM peer against whose cost structure Licovolt's Western licensees must compete.
Emerging players
- Pure Lithium: Boston-based lithium metal battery company advised by Licovolt board advisor Kenneth Hoffman; adjacent emerging battery-materials player targeting Western supply-chain independence. Comparable emerging-player profile and investor ecosystem.
- Sila Nanotechnologies: US-based battery materials company developing silicon-dominant anode chemistry; adjacent emerging battery materials innovator targeting premium automotive applications with proprietary chemistry. Comparable deeptech battery-materials profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Licovolt social profiles
Digital presenceLicovolt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Licovolt leadership team
Management profileNumber of profiles
Profiles5 records
Licovolt funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Licovolt 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 Licovolt
What does Licovolt do?
Licovolt licenses a proprietary oxalic acid-based cathode active material (CAM) production process and patented materials to cathode active material producers and battery manufacturers. The technology enables single-crystal, partially lithiated CAM production with a 64% reduction in energy consumption, elimination of sodium sulphate waste, and 3x-7x higher throughput from existing furnace infrastructure. Revenue is generated through technology licensing (licensing fees and royalties tied to licensed production capacity) and joint development agreements with industrial partners.
Is Licovolt a public or private company?
Licovolt is a private company. It is classified as venture growth investor backed and is currently operating.
When was Licovolt founded?
Licovolt was founded in 2022. It employs 1 to 10 people.
Where is Licovolt based?
Licovolt is headquartered in Dublin, Ireland, in the Europe region.
How does Licovolt make money?
Two revenue lines are on record. Technology Licensing is the primary driver. The others are joint Development Agreements.
Who are Licovolt's main competitors?
Direct peers on record are Nano One Materials, Mitra Chem, Ascend Elements, Redwood Materials and Li-Cycle. Broad incumbents are Umicore, BASF Battery Materials and POSCO Future M. Emerging players are Pure Lithium and Sila Nanotechnologies.
Does Licovolt have an API?
No public API is recorded for Licovolt.
What industry is Licovolt in?
Licovolt's product category is Battery Materials Technology. Its primary akta.pro industry code is EUAFABAB, Cathode Active Materials (CAM) Manufacturing, with a secondary code of EUAFABAA, Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite). Its NAICS code is 33591 and its SIC code is 2890.