U.S.-based battery startup Pure Lithium is working on a graphite-free LFP battery.

The startup is in discussions with 40 companies to commercialize its technology.

It promises to double the energy density, halve the weight and vastly reduce costs.

Chicago-based battery startup Pure Lithium is working on a potentially disruptive battery that it claims is cheaper and more energy dense that what's out there while relying on a North American supply chain. It’s not solid-state, and it’s not a silicon-anode battery. It’s actually a lithium iron phosphate (LFP) battery without the graphite traditionally used in lithium-ion packs.

The startup claims to have achieved a breakthrough this past week, with its lithium-metal battery reaching 9,315 charge-discharge cycles. That is more than three times the cycle life of a conventional lithium-ion battery, and Pure Lithium said it's unprecedented: "To the Company’s knowledge, no other lithium metal battery in development has achieved such results under equivalent testing conditions."