Addionics has raised $39 million in Series B funding to enhance its manufacturing capabilities and accelerate its global expansion.
Funding to Boost Manufacturing: The Series B funding will significantly expand Addionics' manufacturing capabilities and support the construction of its new US-based giga-factory.
Enhancing Battery Performance: Addionics' 3D Current Collectors offer improved heat dissipation, resulting in faster charging, higher power, and enhanced stability for EV batteries.
Accelerated Global Expansion: The investment will enable Addionics to scale its global operations and commence commercial production by the end of the year, meeting rising demand.
Industry Leaders Back Innovation: GM Ventures, Deep Insight, and Scania are leading the funding round.
With this new funding, Addionics is poised to transform the EV battery landscape and drive significant advancements in energy storage technology.