CU Boulder’s solid-state battery provider pulled in funding through a series B round co-led by potential customers BMW and Ford.
Solid Power, a US-based solid-state battery provider spun out of University of Colorado Boulder, raised $130m in a series B round co-led by carmakers BMW and Ford Motor Company on Monday.
Volta Energy Technologies co-led the round.
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…
