Launch NY Portfolio Company Dimien Acquired by Pure Lithium, Marking a Major Clean Tech Milestone

Launch NY Announces Acquisition of Dimien by Pure Lithium

Launch NY is proud to announce the acquisition of Dimien, a Buffalo-based clean energy startup, by Pure Lithium, a leader in lithium metal battery technology. This acquisition highlights Launch NY’s critical role in supporting high-potential clean tech startups—both entrepreneurs and investors alike—helping them scale and achieve successful exits.

Launch NY’s Key Role in Dimien’s Growth

Dimien’s journey from a University at Buffalo lab to a major acquisition underscores the importance of Launch NY’s investments and mentorship. By providing $150,000 across two rounds of funding through its nonprofit seed fund and for-profit LP fund, Launch NY helped Dimien develop its innovative vanadium-based cathode materials and attract strategic buyers. Learn more about how our portfolio companies are transforming the clean tech landscape.

The Acquisition and What It Means

The acquisition includes Dimien’s intellectual property, manufacturing equipment, and team. It also marks a significant career milestone for founder Brian Schultz, who has taken on a new role as VP of Business Development at Pure Lithium. This strategic deal not only benefits Dimien but also sets the stage for further advancements in next-generation battery technologies. For further updates and detailed stories, visit our news section.

Driving Innovation in Clean Energy

Dimien’s technology plays a pivotal role in Upstate New York’s growing clean energy sector. The company collaborated with Dr. Stanley Whittingham, a Nobel Prize-winning battery expert at Binghamton University, to advance energy storage solutions. Dimien’s contributions are part of the broader Upstate NY Energy Storage Engine project, bolstered by a $63.67 million NSF Engines grant—with Launch NY as a core partner. Our commitment to innovation is also showcased during various events that bring together industry leaders and innovators.

Launch NY’s Impact

Since its first investment in 2016, Launch NY has funded over 100 startups and invested nearly $15 million through its InvestLocal Financing Programs. Our comprehensive support network not only provides early capital but also connects entrepreneurs with critical resources, such as our dedicated Resource Navigator, designed to help startups succeed in competitive markets. We are also grateful to our supporters, whose contributions are essential to our mission.

Want to Invest in High-Growth Clean Tech Startups?

If you’re interested in funding innovative startups that are making a sustainable impact, consider joining Launch NY’s Investor Network. Gain exclusive access to pre-vetted clean tech opportunities in Upstate NY and be part of the future of energy innovation.