Adden Energy raised $15 million in a Series A round led by At One Ventures to scale production of its solid state battery technology.
Adden Energy raised $15 million in a Series A round led by At One Ventures to scale production of its solid state battery technology.
10/23/24, 1:40 PM
Location
walthamMoney raised
$15 million
Industry
manufacturing
energy
Round Type
series a
Investors
Mass Ventures, Rhapsody Venture Partners, Primavera Capital Group, At One Ventures
Adden Energy has raised $15 million in a Series A round led by At One Ventures with participation from Primavera Capital Group, Rhapsody Venture Partners, and MassVentures. The funding will be used to construct a roll-to-roll pilot line production facility to scale their solid state battery technology for car manufacturers.
Company Info
Location
1432 main street
waltham, massachusetts, united states
Additional Info
Adden Energy is developing the world’s fastest lithium metal batteries based on novel self-healing solid-state battery technology. Targeting the Electric Vehicle market, Adden Energy’s batteries can double the driving range while cutting the charge-times to as fast as gas. Adden Energy’s mission is to enable everyone to adopt electric vehicles by reaching parity or better with the internal combustion engine in every consumer-facing dimension, including price. The increased energy density reduces the amount of materials needed and thereby reduces costs by 30% or more.