Addionics Secures $39M to Boost EV Batteries
Summary
Sign up for our popular daily email to catch all the latest EV news!Addionics, a leader in battery technology, has raised $39 million in its Series B funding round, led by GM Ventures and Deep Insight. The funds will support the expansion of Addionics innovative 3D Current Collector solution, enhancing manufacturing capabilities and global business growth. Participation from Scania and other strategic investorsAddionics is revolutionizing battery technology with its 3D Current Collectors, which offer significant benefits, including faster charging times, increased power, and improved stability. Their unique 3D Current Collector solution promises significant improvements to make better, more powerful batteries, aligning with our vision of investing in disruptive technologies to drive worldwide progress.Scania is dedicated to fostering advancements that contribute to a sustainable and efficient future. Addionics revolutionary approach to battery technology aligns with our mission to enhance the performance and sustainability of next-generation zero-emission solutions, said Jessica Persson, Head of VC and M&A at Scania.