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NegotiatingFull Sale NDA Signed
Solid-State Battery Technology for EV Applications
Marcus Chen → Dr. Elena Vasquez (via Sarah Okonkwo)
Offered Price
$7,200,000
Interest Expressed
NDA Pending
NDA Signed
Negotiating
Term Sheet Sent
Due Diligence
Agreed
Deal Room Messages
4 messagesMarcus Chen·1 years ago
We've reviewed the technical package. The battery specs are impressive — particularly the 47 granted claims covering the ceramic separator. We'd like to open with a full acquisition offer.
Dr. Elena Vasquez·1 years ago
Thank you Marcus. Our floor for a full acquisition is $7.8M given the 5-country grant coverage and the active pilot in South Korea. Happy to discuss structure — we're open to an earn-out component tied to commercialization milestones.
Sarah Okonkwo·1 years ago
To help move this along — I've attached a comparable transaction summary. The Solid Power licensing deal benchmarks us well. I suggest both parties consider $7.5M with a $500K milestone payment on first commercial production.
Comparable_Transactions_Q4_2024.pdf (1.2 MB)
Marcus Chen·1 years ago
We can work with $7.5M + milestone structure. Let's get legal to draft a term sheet. We'll need 3 weeks for due diligence on the CN patent family before signing.
IP Details
PatentSolid-State Battery
Legal Status: Granted
Jurisdictions: US, EU, CN, JP, KR
Valuation: $6.0M – $12.0M
Milestones
NDA Executed
2024-11-15
Technical Due Diligence
2024-12-06
Term Sheet Agreed
2024-12-15
Legal Review
2025-01-10
Closing
2025-01-31