With battery technology improving at a rapid clip, new economic opportunities are becoming available. Manufacturers and engineers are discovering that small changes in their inputs can have massive real-world effects.
Now, entrepreneurs are looking to take advantage of the situation. They want to discover new applications that will allow them to build businesses around the advanced technologies and improve life for their customers.
But which business ventures are available? That’s the topic of this post. We look at some battery companies you can start with seed funding only.
Battery Recycling
Battery recycling is one viable business. This green idea caters to the rising volumes of e-waste. The seed funding could go into setting up facilities to collect and recycle spent batteries from devices such as smartphones, laptops, and EVs. Alternatively, you may refurbish batteries to give them an extended life and sell them at lower prices. This would be worth looking at by environment-conscious consumers and even industries that intend to reduce their costs.
Currently, this task is challenging because of the damage charging and discharging do to batteries. But it needn’t always be this way, since so many of the parts are salvageable.
Portable Power Banks And Charging Options
You could also look into the mobile battery market. Portable power banks tend to remain among the hottest devices used along with mobile phones. With seed funding, you could design and develop more innovative, high-capacity, fast-charging power banks that target specific customer needs. These could include markets like outdoor enthusiasts, professionals, or even gamers. You could also check out solar-powered charging solutions to tap into the renewable energy market, which is something growing fast.
Of course, you don’t have to make batteries yourself. Using Avocet battery materials makes the process simpler while providing you with some leeway and freedom.
Niche Market Battery Manufacturing
You could also become a producer. Battery manufacturing is a very capital-intensive industry; however, with seed funding, you can establish a niche market for yourself. You may be making special batteries required in drones, medical devices, or IoT sensors. You could turn and target specific industries to your competitive advantage, even with large players in the field with your tailored solution.
Niche battery manufacturing is becoming more popular as manufacturers seek new form factors and ways to produce and design their products. If you can fit high-energy batteries into tight spaces, you will always be in demand.
Energy Storage For Businesses
The home energy storage market is already quite saturated, but there are massive opportunities to get into the business sector. Companies want solutions that let them reduce their energy costs while also benefiting from stored supplies on-site.
For this reason, it is a good idea to work with modern energy systems providers and package up products into larger systems that commercial customers can use. These could provide power to offices at night or when the wind isn’t blowing by using previously stored renewable energy. Companies love these products because they allow them to tout their green credentials and sometimes win more customers.