Article

Elevated Materials announced significant milestones as it marks its first anniversary, reporting strong commercial momentum and plans to triple production capacity by 2026. The company, established from Applied Materials with funding from the TPG Rise Climate Fund, achieved record output in 2025, delivering over 100 kilometers of ultra-thin lithium metal films to one customer among more than 30 global clients.

Elevated Materials produces ELi™, high-quality ultra-thin lithium films, through proprietary roll-to-roll vacuum deposition platforms, enabling next-generation anode solutions for electric vehicles, consumer electronics, aviation, and energy storage. The company aims to meet rising demand from battery manufacturers seeking reliable supplies of lithium metal anodes, with a focus on achieving gigawatt-hour scale manufacturing in 2026.