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Addionics Closes $27 Million Series A Funding Round To Scale Up Development Of Next-Generation Batteries With Smart 3D Electrodes

Jan 25, 2022over 3 years ago

Amount Raised

$27 Million

Round Type

series a

Tel AvivSustainabilityArtificial IntelligenceScience And EngineeringData And AnalyticsSoftware

Description

Addionics, a chemistry-agnostic battery technology company, today announced it has raised $27 million in a Series A funding round to scale up its efforts to redesign battery architecture with the company’s Smart 3D Electrodes, which improves the cost and performance of batteries with any chemistry – existing or emerging. The funding round was led by Deep Insight, a deep tech investment firm founded and backed by Jeff Horing, the founder of Insight Partners, together with Catalyst Fund, Delek Motors and Dr. Boaz Schwartz. Additional investments include strategic and financial support from Novelis, Magna International, JX Nippon Mining & Metals, Union Tech Ventures, 8090 Partners, GiTV, Talcar Corporation, Bridges Israel impact investment fund, Doral Energy Tech Ventures (Doral Energy CVC), and Dr

Company Information

Company

Addionics

Location

Tel Aviv, Tel Aviv District, Israel

About

Addionics is creating the next step change in batteries for electric vehicles by transforming battery architecture with Smart 3D Electrodes. The company’s scalable, cost-effective manufacturing process combined with its AI-based optimization software significantly improves the economics and performance for batteries with any chemistry – existing or emerging. Addionics’ technology can also be applied to consumer electronics, stationary energy storage, aviation and defense, and medical devices. To learn more, visit www.addionics.com

FundzWatch™ Score

66
Medium Activity

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