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Addionics raises $39M in Series B funding led by GM Ventures and Deep Insight to advance manufacturing capabilities and global business engagements

PRIVATEJul 25, 2024•almost 2 years ago

Amount Raised

$39 Million

Round Type

Series B

Tel AvivSustainabilitySoftwareData And AnalyticsScience And EngineeringArtificial Intelligence

Investors

ScaniaDeep InsightGm Ventures

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.

Company Information

Company

Addionics

Location

Tel Aviv, Tel Aviv District, Israel

About

Addionics is creating the next step change in batteries for electric vehicles by transforming battery architecture with Smart 3D Electrodes. The company’s scalable, cost-effective manufacturing process combined with its AI-based optimization software significantly improves the economics and performance for batteries with any chemistry – existing or emerging. Addionics’ technology can also be applied to consumer electronics, stationary energy storage, aviation and defense, and medical devices. To learn more, visit www.addionics.com

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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