Elevated Materials
Elevated Materials is a privately held advanced materials company producing ultra-thin lithium metal films via proprietary roll-to-roll vacuum deposition for next-generation batteries. It sells ELi™ films directly to battery OEMs across electric vehicles, aviation, consumer electronics, and grid energy storage.
- Company typePrivate
- Founded2025
- HeadquartersSanta Clara, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Elevated Materials does
Elevated Materials is a privately held advanced materials company that produces ultra-thin lithium metal films (branded ELi™) for next-generation batteries. The company was carved out of Applied Materials in February 2025 with equity backing from TPG Rise Climate Fund and Applied Materials, after more than a decade of internal development of a proprietary roll-to-roll vacuum deposition platform. Films are available from less than 1µm to 20µm thickness and 20mm to 740mm width, on copper, graphite, silicon, or silicon-graphite substrates, and are sold in quantities ranging from 10 meters for R&D to 100,000,000 meters for gigawatt-hour scale production.
The company operates from a headquarters and engineering facility in Santa Clara, California, and a wholly-owned European subsidiary, Elevated Materials Germany GmbH, in Alzenau, Germany. Its product targets four primary verticals: electric vehicles (including BMW Group as a named reference customer), electric aviation (eVTOL and electric aircraft), consumer electronics, and grid energy storage. Leadership and the technical bench were recruited from Applied Materials, PowerCo (Volkswagen), Apple, Samsung SDI, LG Chem, Epsilon Advanced Materials, and Tenneco.
Elevated Materials generates revenue primarily through direct enterprise sales of lithium film material to battery OEMs and cell manufacturers, with pricing provided on a custom-quote basis tied to volume and specifications, and a secondary potential stream from licensing and technology transfer of its vacuum-deposition IP. The go-to-market is consultative enterprise field sales, supplemented by technical presentations at industry events and direct OEM engagement. In its first year the company shipped product to more than 30 customers worldwide, delivered over 100 kilometers of film to a single customer, and announced a planned tripling of production capacity for 2026 to move toward gigawatt-hour scale manufacturing.
Elevated Materials firmographics
Firmographics- Name
- Elevated Materials
- Legal name
- Elevated Materials
- Website
- https://elevated.inc
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Elevated Materials is a privately held advanced materials company producing ultra-thin lithium metal films via proprietary roll-to-roll vacuum deposition for next-generation batteries. It sells ELi™ films directly to battery OEMs across electric vehicles, aviation, consumer electronics, and grid energy storage.
- Ownership category
- akta.pro rank
Elevated Materials industry classification
Industry- Product category
- Battery Materials
- NAICS
- Battery Manufacturing (33591)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Anode Materials Manufacturing (Graphite, Silicon, LTO) (EUAFABAC)
- akta.pro secondary industries
- Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA), Solid-State Battery Materials & Cell Manufacturing (EUAFABAH)
Keywords
Where Elevated Materials is headquartered
LocationHeadquarters
- HQ city
- Santa Clara
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Elevated Materials business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Lithium Film Sales: Direct sales of ultra-thin lithium metal films (ELi™) to battery manufacturers. Customers purchase film materials for integration into battery production. Volume-based supply agreements with major customers.
- Materials Licensing and Technology Transfer: Leveraging decades of materials engineering expertise and hundreds of patents for battery technology advancement. May include technology licensing arrangements.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Elevated Materials product offering
Product offeringCore offering
Elevated Materials manufactures and sells ultra-thin lithium metal films (branded ELi™) using proprietary roll-to-roll vacuum deposition technology. The films are supplied to battery OEMs and manufacturers for use as anodes in lithium-ion, silicon, and lithium metal battery chemistries across electric vehicles, aviation, consumer electronics, and grid energy storage applications.
Product overview
Elevated Materials offers a single core product line: ELi™ ultra-thin lithium metal films, produced using proprietary roll-to-roll vacuum deposition technology. These films are available in thicknesses from <1µm to 20µm and widths from 20mm to 740mm, supporting substrates including copper, graphite, silicon, and silicon-graphite. The company scales from R&D quantities (10m) to gigawatt-hour scale production (100,000,000m). ELi films are designed to integrate with existing battery manufacturing processes and enable higher energy density, improved safety, faster charging, and greater design flexibility for next-generation batteries across automotive, aviation, consumer electronics, and energy storage markets.
Differentiator
Problem solved
Functional benefit
Products and services
- ELi™ Ultra-Thin Lithium Films High-quality ultra-thin lithium metal films (available from <1µm to 20µm thickness, 20mm to 740mm width, on copper, graphite, silicon, and silicon-graphite substrates) produced via proprietary roll-to-roll vacuum deposition. Supplied in volumes from 10m (R&D) to 100,000,000m (gigawatt-hour scale) to battery OEMs and manufacturers for lithium-ion, silicon, and lithium metal anodes. Reported benefits include up to 70% higher energy density, more than 30% battery weight reduction, faster charging, and extended cycle life.
Quantifiable outcome
- Energy density increase of up to 70% with ultra-thin lithium films
- +4 more outcomes
Companies that use Elevated Materials
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Elevated Materials technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Elevated Materials partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Applied Materials (Battery Technology)coreTPG Rise Climate highlights partnership with Applied Materials for battery technology development as a key portfolio activity in the energy transition investment theme.
- Applied MaterialscoreParent company and technology origin. Applied Materials incubated and developed the ultra-thin lithium film technology over ten years before carving out Elevated Materials as an independent company. Applied Materials remains an investor and provides ongoing technology support and expertise in materials engineering.
Scale indicators4 records
Recent moves8 records
Expansion highlights4 records
Elevated Materials competitors and assessment
Company assessmentDirect peers
- SES AI Corporation: SES AI is developing hybrid lithium-metal batteries for EVs with automotive partners including GM and Honda. It is a direct peer in the lithium-metal battery space, targeting similar OEM customers with next-generation battery technology.
- Solid Power: Solid Power develops solid-state battery cells using sulfide-based electrolytes and is partnered with BMW. It is a comparable advanced battery technology company targeting automotive OEMs — the same customer base Elevated Materials serves with lithium metal anode films.
- Factorial Energy: Factorial Energy develops lithium-metal solid-state battery cells for EVs and consumer electronics, partnering with Mercedes-Benz, Stellantis, and Hyundai. It is comparable to Elevated Materials as a developer of lithium-metal anode battery technology serving automotive OEMs.
- Group14 Technologies: Group14 Technologies manufactures silicon-carbon anode materials (SCC55™) for lithium-ion batteries, serving automotive and consumer electronics OEMs. Like Elevated Materials, it is a venture-backed battery materials company targeting drop-in replacements for graphite anodes at scale.
- Amprius Technologies: Amprius Technologies produces silicon-anode lithium-ion batteries using a similar vapor deposition process to manufacture silicon nanowire anodes. Both companies leverage thin-film/silicon-anode technology for next-generation batteries targeting aviation and EV applications.
- QuantumScape: QuantumScape is developing solid-state lithium-metal batteries, partnering with Volkswagen and other automotive OEMs. Like Elevated Materials, it targets lithium-metal anode technology for next-generation EV batteries with higher energy density.
- Sila Nanotechnologies: Sila Nanotechnologies develops silicon-anode battery materials to replace graphite in lithium-ion cells, directly comparable to Elevated Materials' mission of enabling next-generation anodes. Both companies sell advanced anode materials to battery OEMs and automotive customers, targeting higher energy density batteries.
Emerging players
- Enovix Corporation: Enovix develops 3D-stacked silicon-anode lithium-ion batteries for consumer electronics and EVs. It is an adjacent peer in next-generation battery technology focused on silicon-anode architecture for higher energy density applications.
- Mitra Chem: Mitra Chem develops iron-based cathode materials for lithium-ion batteries using machine learning and atomically precise manufacturing. It is an emerging peer in advanced battery materials, addressing adjacent battery components with similar VC-backed commercialization models.
Others
- Lithium Americas: Lithium Americas is a lithium resource developer producing battery-grade lithium carbonate and hydroxide. It is an upstream supplier in the lithium value chain that supports Elevated Materials' lithium metal film production, though it does not compete in advanced battery materials.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Elevated Materials financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elevated Materials leadership team
Management profileNumber of profiles
Profiles10 records
Elevated Materials subsidiaries and ownership
Company hierarchySubsidiaries1 record
Elevated Materials funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elevated Materials 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 Elevated Materials
What does Elevated Materials do?
Elevated Materials manufactures and sells ultra-thin lithium metal films (branded ELi™) using proprietary roll-to-roll vacuum deposition technology. The films are supplied to battery OEMs and manufacturers for use as anodes in lithium-ion, silicon, and lithium metal battery chemistries across electric vehicles, aviation, consumer electronics, and grid energy storage applications.
Is Elevated Materials a public or private company?
Elevated Materials is a private company. It is classified as private equity controlled and is currently operating.
When was Elevated Materials founded?
Elevated Materials was founded in 2025. It employs 51 to 100 people.
Where is Elevated Materials based?
Elevated Materials is headquartered in Santa Clara, United States, in the North America region.
How does Elevated Materials make money?
Two revenue lines are on record. Lithium Film Sales are the primary driver. The others are materials Licensing and Technology Transfer.
Who are Elevated Materials's main competitors?
Direct peers on record are SES AI Corporation, Solid Power, Factorial Energy, Group14 Technologies, Amprius Technologies, QuantumScape and Sila Nanotechnologies. Emerging players are Enovix Corporation and Mitra Chem. Lithium Americas is listed as an others.
Does Elevated Materials have an API?
No public API is recorded for Elevated Materials.
What industry is Elevated Materials in?
Elevated Materials's product category is Battery Materials. Its primary akta.pro industry code is EUAFABAC, Anode Materials Manufacturing (Graphite, Silicon, LTO), with a secondary code of IMAGAHAA, Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH). Its NAICS code is 33591 and its SIC code is 3600.