Since the early 2000s, conventional lithium batteries have been an industry leader. Over the decades, lithium batteries have nearly reached their full potential so the need for better technology is imminent. The next generation of batteries needs to be distinguished in performance, charge rate, input supply chain and cost. That’s why Sparkz promises to disrupt the eMobility and Grid Application universe with cutting-edge energy storage.
Sparkz is focused on becoming the industry leading energy storage OEM domestically as we eliminate cobalt, reduce costs and increase performance contributing to the growing annual need to meet demand.
The demand for light duty vehicles like delivery vans is expected to climb significantly and to meet our climate goals they must be electrified. Sparkz’s go-to-market strategy will focus on the batteries needed for light duty today and in the future.
Electric motors are more efficient than legacy diesel motors saving farmers time and costs. Sparkz will power the farm equipment revolution as precision farming increases dramatically over the next decade.
Governments across the globe are fueling a public transportation revolution with the fastest growth coming in North America. Sparkz believes a domestic source of next generation batteries to power these vehicles is critical to meet the increasing demand from governments in the U.S. and Canada.
Warehouses, manufacturing plants, distribution centers and ports are ideal adoption sites for electrification of forklifts and other material handling vehicles. Growth for these vehicles have increased substantially and post-pandemic acceleration is expected over fossil fuel alternatives. Sparkz will be a pioneer in helping the industry electrify its fleets.
Dr. Sanjiv Malhotra is the founder and CEO of Sparkz—the battery start-up reinventing the energy supply chain.
Malhotra has been a leader in the energy sector for nearly three decades as a founder, investor and executive. Most recently, he served as the inaugural director for the Energy Investor Center at the U.S Department of Energy (DOE), serving under both Democratic and Republican administrations.
At DOE, Malhotra led the Obama Administration’s initiative to boost public-private partnerships to accelerate the commercialization of technologies developed in national research centers like Oak Ridge National Labs.
Malhotra was recruited to the Department of Energy after a successful exit of Oorja Protonics—the world leader in methanol fuel cells—which he founded and led as CEO for 10 years. Oorja raised $50 Million in equity financing from leading VCs such as Sequoia, DAG Ventures, Artis Capital and others during his tenure. He boosted Oorja’s revenue and profitability growth, while expanding operations globally in Japan, China, South Africa, Mexico, and India.
Oorja was acquired in 2014 by the Private Equity firm MinXing Growth Fund.
As an investor and consultant, Malhotra has worked at leading venture capital firms, including Kleiner Perkins Caufield and Byers as an advisor on clean energy and advanced materials.
Earlier in his career, Malhotra led the engineering and product development team at H Power, a pioneer in hydrogen fuel cells. As part of the management team, he managed the successful IPO, which raised more than $100 million in August 2000.
He began his career as a post-doctoral fellow at the renowned Lawrence Berkeley National Labs on electrochemical storage systems. Dr. Malhotra has authored seven patents and more than 40 publications in various fields of energy storage technology and materials. He holds a PhD in chemical engineering and an M.B.A from University of Iowa.