Hyundai Motor provided new funding to the lithium-metal battery developer, which was previously backed by General Motors, SAIC Motor and Applied Materials.
Car manufacturer Hyundai Motor will invest 114bn won ($100m) in SolidEnergy Systems (SES), a US-based lithium-metal battery developer previously backed by corporates General Motors, SAIC Motor and Applied Materials, Yonhap news agency has reported, citing industry sources.
Founded in 2012 as a spin-off of the Massachusetts Institute of Technology, SES develops semi solid lithium-metal rechargeable batteries for the aeronautics, space, consumer drones, consumer electronics and automotive industries.
SES completed a $139m series D round in April 2021, which was…
