The solid-state battery provider pulled in funding through a series B round co-led by potential customers BMW and Ford Motor Company.
Automotive manufacturers BMW and Ford Motor Company co-led a $130m series B round for Us-headquartered solid-state battery provider Solid Power with venture capital firm Volta Energy Technologies on Monday.
Solid Power has developed rechargeable 20 ampere hour solid-state batteries for use in electric vehicles. It claims they are safer than conventional lithium-ion batteries while producing 50% to 100% more energy density.
The company’s technology is intended to be customisable for each customer, and it will supply full-scale battery cells for…
