Wiseman: Battery market competition destroys pricing power and gross margins
Will Wiseman · Will VCs Back 3D-Printed Conformal Batteries? · Apr 30, 2025 · at 18:46
Will Wiseman of Kitty Hawk explains why he is passing on Gabe Elias's 3D-printed battery startup Material on The Pitch.
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“I'm concerned about the gross margins at this point. I'd want to see much higher margins, or at least a path that could get me to significantly higher margins, and I just think that speaks to the, unfortunately, the intensity of the competitive dynamics here, and inability to kind of hold the price where you want to.”
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