# SAS Tiamat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sas-tiamat

- Industry: Energy Storage & Batteries
- Headquarters: Amiens, France
- Website: www.tiamat-energy.com
- Total disclosed funding: $4.3M
- Latest round: Series A (Jan 11, 2021)
- Investors on record: 6

## About

Based in France, SAS Tiamat specializes in developing and producing Sodium-ion battery technology, focusing on energy storage solutions for various applications across multiple industries.SAS Tiamat, founded in 2017 and headquartered in Amiens, France, develops advanced Sodium-ion battery technology for energy storage markets. The company has executed five deals since inception, with the latest funding round being a Series A amounting to EUR 3.50 mn. Funding was secured from several investors, including Cap3ri and Bpifrance. The CEO, Laurent Hubard, has an extensive background in the energy sector, contributing to the company's growth and strategic direction.SAS Tiamat develops Sodium-ion batteries tailored for high-demand applications in hybrid vehicles, fast-charging systems, and uninterruptible power supplies for data centers. Their offerings enhance safety and charging speed, which cater to sectors such as transportation, telecommunications, and energy management systems. Production will take place in a planned gigafactory at the ZAC Jules Verne 2 industrial estate in Amiens, with an expected initial capacity of 5GWh by the end of 2030.For the year 2022, SAS Tiamat reported a revenue of EUR 125,402.10, alongside an EBITDA of EUR -440,613.10 for 2021. The company primarily generates revenue through direct sales agreements and long-term contracts with clients in the automotive and energy industries, focusing on the sale of Sodium-ion battery products.SAS Tiamat aims to leverage recent funding received in January 2024 to construct its gigafactory, which will play a crucial role in scaling production capabilities. The company plans to launch new high-performance Sodium-ion battery products targeted for various commercial and industrial applications. Additionally, SAS Tiamat will expand its market presence across Europe, focusing on sectors demanding efficient and reliable energy storage solutions. The total funding of EUR 30 million, consisting of both equity and debt, will support these initiatives and enhance their operational capacity.

## Funding rounds

- Series A, Jan 11, 2021, $4.3M — Finovam Gestion, Nord France Amorcage, Picardie Investissement, Celeste Management, Cap3ri, SICAE de la Somme et du Cambraisis

## Investors

- Finovam Gestion (https://capitalatlas.ai/funds/finovam-gestion) — Series A
- Nord France Amorcage — Series A
- Picardie Investissement (https://capitalatlas.ai/funds/picardie-investissement) — Series A
- Celeste Management — Series A
- Cap3ri (https://capitalatlas.ai/funds/cap3ri) — Series A
- SICAE de la Somme et du Cambraisis — Series A