Battery Market Overview
Batteries are fundamental to our clean energy transition. In 2019, global battery production could power ~5 million EVs - that’s expected to grow 6x over 10 years. However, the equivalent of ~1 in every 6 batteries are scrapped in production. That’s ~$4 Billion of waste in 2019, due largely to a lack of good data about batteries at commercial scales. Unless we change the status quo, battery cost will remain a major barrier to affordable EVs.
Feasible, Inc. is supporting the clean energy transition by helping batteries be safer, lower cost, and higher performing. We don’t make batteries - we enable them to be better.
About Feasible, Inc.
Feasible is a pioneer in advanced battery inspection. Our EchoStat platform uses ultrasound and data analytics to deliver unique, valuable insights across the battery value chain. We create significant, recurring value by giving customers to see batteries differently and detect issues at their source, before they become expensive problems. In doing so, we enable battery manufacturers to improve profitability by >2x and automakers to build affordable EVs with >30% lower battery cost. We also make it 10x faster to inspect old EV batteries with high fidelity, making it economically viable to repurpose them for renewable energy storage.
Founded in 2016, Feasible is headquartered in Emeryville, CA. Since inception, Feasible has received over $7M in grants and seed funding from NSF, DOE (ARPA-e), Elemental Excelerator, Chrysalix Ventures, Incite Labs, and other investors. We are actively working with battery manufacturers and automakers to test and evaluate our beta prototypes (1, 2).
Our Culture and Values
We are dedicated to building a world-class company that will improve the world.