Israel-headquartered EV battery technology developer Addionics has completed a $39-million Series B funding round co-led by GM Ventures and Deep Insight, an Israeli tech venture fund. Swedish vehicle and engine manufacturer Scania and other investors also participated in the round. The funds will be used to expand R&D, manufacturing and commercialization efforts, including construction of… Read more »
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Addionics and IL Science to develop lithium-metal EV batteries
Israel-based battery technology provider Addionics has agreed to form a partnership with US-based IL Science to integrate lithium metal with next-generation copper current collectors to drive adoption of lithium-metal batteries for EVs. By combining Addionics’ 3D Current Collectors and IL Science’s lithium coating and treatment technologies, the companies aim to overcome the hurdles to widespread… Read more »
Addionics invests $400 million in domestic EV battery manufacturing, plans factory in US
Battery tech provider Addionics plans to invest $400 million in its US manufacturing facilities as part of a three-phase multi-factory plan to boost domestic EV battery production. The first plant is expected to begin production in 2027, and additional plants are to be completed by 2032. Once completed, the factories will produce tens of thousands… Read more »
Addionics raises $27 million in Series A funding for Smart 3D Electrodes
Battery technology company Addionics has raised $27 million in Series A funding from Deep Insight, Catalyst Fund, Delek Motors, Dr. Boaz Schwartz, Dr. David Deak and others. The funding will be used for developing and commercializing batteries with the company’s Smart 3D Electrodes, hiring additional team members and increasing the company’s activities in the US… Read more »