Dimien
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Dimien was a Buffalo, New York clean-tech chemical manufacturer founded in 2013 by University at Buffalo chemistry PhD graduate Brian J. Schultz. It used an eco-friendly, water-based process to make chemicals used as additives in high-performance glass, batteries and other products. Its signature development was zeta vanadium oxide (ZVO), a low-cost, high-energy-density vanadium-based cathode material for batteries that, unlike NMC and NCA cathodes, has a low risk of causing fires and avoids nickel, cobalt and graphite. The company was a 43North competition finalist.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Brian J. Schultz founded Dimien in Buffalo, New York in 2013 after winning the Panasci Technology Entrepreneurship Competition, developing eco-friendly chemical additives for glass and batteries.
- Acquired
On November 18, 2024, Boston-based Pure Lithium acquired Dimien's assets to accelerate its lithium metal vanadium battery; founder and CEO Brian Schultz joined Pure Lithium as VP of Business Development and Technology.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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