What is Addionics?
Addionics is at the forefront of battery innovation, aiming to create the next step change in energy storage solutions for electric vehicles. Their proprietary technology centers on Smart 3D Electrodes, a novel approach to battery architecture that significantly improves both performance and cost-effectiveness. The company's scalable manufacturing process, augmented by AI-driven optimization software, is designed to benefit batteries of any chemistry, whether existing or emerging. Beyond EVs, Addionics' technology holds potential applications in consumer electronics, stationary energy storage, aviation, defense, and medical devices, positioning it as a versatile player in the advanced materials and energy sectors.
How much funding has Addionics raised?
Addionics has raised a total of $66M across 2 funding rounds:
Series A
$27M
Series B
$39M
Series A (2022): $27M with participation from Catalyst Fund, Delek Automotive Systems, Deep-Insight, Dr. Boaz Schwartz, Magna International, and Novelis
Series B (2024): $39M led by GM Ventures, Scania, and Deep Insight
Key Investors in Addionics
GM Ventures
GM Ventures focuses on investing in automotive-related technology startups while leveraging General Motors' support to foster innovation in transportation. The company aims to create a future characterized by zero emissions, zero crashes, and zero congestion by prioritizing meaningful engagement with high-potential startups.
Scania
Scania AB is a Swedish manufacturer of commercial vehicles, including trucks and buses. Founded in 1891 and headquartered in Södertälje, Sweden, it serves clients worldwide, focusing on innovative and sustainable transport solutions.
Deep Insight
We don't just develop programmes but we deliver results. We use technologies such as EQi-2.0 and the 4D Insight iSimulator to underpin all of our bespoke programmes. We aim to inspire and engage, but we are always focused on achieving quantifiable results that can be utilised, studied and improved on.
What's next for Addionics?
With this major strategic investment, Addionics is poised for significant expansion and further development of its groundbreaking battery technology. The company's focus on improving the economics and performance of batteries through its unique manufacturing process and AI optimization software suggests a trajectory towards commercial scaling and broader market penetration. The involvement of strategic backers like GM Ventures and Scania indicates a strong alignment with the automotive industry's push towards electrification and sustainable transportation. Future endeavors will likely involve refining production capabilities, forging new partnerships, and potentially exploring further applications of their technology in adjacent markets, solidifying their role in the global energy transition.
See full Addionics company page
