Addionics raises $39M in Series B funding led by GM Ventures and Deep Insight to advance manufacturing capabilities and global business engagements
Amount Raised
$39 Million
Round Type
Series B
Tel AvivSustainabilitySoftwareData And AnalyticsScience And EngineeringArtificial IntelligenceInvestors
Description
EV battery tech startup Addionics has raised a Series B funding round of $39M co-led by GM Ventures and Deep Insight, with participation from Scania and other strategic investors. The funds will be used to bolster the company’s manufacturing capabilities, expand its global teams, and advance the construction of its planned US-based giga-factory for the production of Addionics 3D Current Collectors.
Quick answer
Addionics raised $39 Million in a Series B round, dated July 25, 2024. Investors: Scania, Deep Insight and GM Ventures. Addionics is based in Tel Aviv, Tel Aviv District, Israel.
- How much did Addionics raise?
- Addionics raised $39 Million in a Series B round on July 25, 2024.
- Who invested in Addionics?
- Scania, Deep Insight and GM Ventures are named as investors in this round.
- What does Addionics do?
- Addionics is creating the next step change in batteries for electric vehicles by transforming battery architecture with Smart 3D Electrodes.
- Where is Addionics based and how big is it?
- Addionics is based in Tel Aviv, Tel Aviv District, Israel.
- Who are the decision-makers at Addionics?
- Fundz holds 1 contact at Addionics. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Sustainability and Data And Analytics around the same time
Companies in the same sectors as Addionics that raised within 45 days of this round, from Fundz verified event records.
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