Powerit

Powerit is a groundbreaking startup focused on developing aluminum-ion rechargeable batteries for the electrification and decarbonization of the transportation sector. The company's patent-pending solid-state rechargeable aluminum-ion battery is positioned as a game-changer in the field of energy storage, offering a cost-effective, sustainable, and domestically sourced alternative to the widely used lithium batteries. Powerit's innovative approach aims to revolutionize the electric vehicle industry, including planes, ships, trains, cars, and trucks, while also modernizing the distributed, renewable grid that powers them. Unlike lithium-ion batteries, Powerit's aluminum-ion batteries address critical issues related to cost, performance, safety, and sustainability. This distinction is crucial, especially in the context of the environmental impact and the global dependency on lithium batteries, particularly from China. With research and development based in Seattle, WA, and manufacturing operations located in Mesa, AZ, Powerit is strategically positioned to capture a significant share in the projected non-lithium $1.2T+ market space over the next 5 years. The company's dedication to sustainability and domestic sourcing aligns with the growing market demands and regulatory trends, positioning it as an attractive prospect for investors seeking opportunities in the energy, information technology, and renewable energy sectors.