The French chemical company joined other strategic investors, including Stellantis  NYSE STLA  Ventures and MBDA, in Tiamat's recent €22 million funding round. The investment will support Tiamat's ambition to construct a 5 GWh Giga-factory in France dedicated to sodium-ion battery cell production. Tiamat, established in 2017 and a spin-off from France's CNRS  Centre National de la Recherche Scientifique , focuses on the development and commercialization of sodium-ion batteries, an alternative to lithium-ion batteries. The information regarding Arkema's investment in Tiamat is based on a press release statement. COLOMBES, France - Arkema, a global player in specialty materials, has announced its investment in Tiamat, a startup specializing in sodium-ion battery technology.
Arkema, a specialty materials company, invested in Tiamat, a sodium-ion battery startup, to support the construction of a 5 GWh Giga-factory in France.