Adden Energy raised $15 million in a Series A round led by At One Ventures to scale production of its solid state battery technology.

Oct 23, 2024•about 1 year ago

Amount Raised

$15 Million

Round Type

series a

WalthamManufacturingEnergy

Investors

Mass VenturesRhapsody Venture PartnersPrimavera Capital GroupAt One Ventures

Description

Adden Energy has raised $15 million in a Series A round led by At One Ventures with participation from Primavera Capital Group, Rhapsody Venture Partners, and MassVentures. The funding will be used to construct a roll-to-roll pilot line production facility to scale their solid state battery technology for car manufacturers.

Company Information

Company

Adden Energy

Location

1432 MAIN STREET

Waltham, Massachusetts, United States

About

Adden Energy is developing the world’s fastest lithium metal batteries based on novel self-healing solid-state battery technology. Targeting the Electric Vehicle market, Adden Energy’s batteries can double the driving range while cutting the charge-times to as fast as gas. Adden Energy’s mission is to enable everyone to adopt electric vehicles by reaching parity or better with the internal combustion engine in every consumer-facing dimension, including price. The increased energy density reduces the amount of materials needed and thereby reduces costs by 30% or more.

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