SolidEnergy, the developer of the “anode-free” battery delivering ultra high energy density and safety with 1,200 Wh/L and 400 Wh/, has raised $12 million in a Series B round. The round was led by a major US auto company, and syndicated by SAIC, Applied Ventures, LLC, and all existing investors who participated in the Series A round.
“Our new strategic investors are very experienced in battery investments and have very high standards. We are all very excited for the high energy density that our anode-free batteries have demonstrated in practice, not just on paper,” said Qichao Hu, SolidEnergy’s founder and CEO. “Strategic investments will help us build an ecosystem around our anode-free battery by establishing partnerships with equipment suppliers, battery manufacturers and battery end users. We are humbled by the challenges and are very excited to play a role in the electrification of transportation and reduction of greenhouse gas emission worldwide.”