Umicore buys a stake in solid-state battery developer Solid Power

Umicore has announced that it holds a stake in solid-state battery specialist Solid Power, following Solid Power’s announcement of its intent to become a publicly listed company. Umicore built its stake through earlier Series A and B investment rounds. 

Solid Power also counts Ford, BMW, Hyundai and Samsung among its investors. The company claims that its all-solid-state batteries can deliver a 50-to-75% increase in energy density compared to traditional lithium-ion batteries. 

Source: Umicore