What is Addionics?
Addionics is at the forefront of battery innovation, developing a next-generation battery architecture through its proprietary Smart 3D Electrodes. This technology aims to overcome current limitations in battery performance and manufacturing costs. The company's scalable and cost-effective production method, coupled with AI-driven optimization software, is engineered to improve the efficiency and economic viability of batteries for electric vehicles, consumer electronics, stationary energy storage, and defense applications. Addionics' approach is designed to be chemistry-agnostic, supporting both existing and emerging battery technologies.
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 Delek Automotive Systems, Deep-Insight, Dr. Boaz Schwartz, Magna International, Novelis, and Catalyst Fund
Series B (2024): $39M led by GM Ventures, Scania CV, 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 CV
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 the recent infusion of capital, Addionics is poised to accelerate its growth and market penetration. The company's strategic focus will likely involve expanding its manufacturing capabilities, further refining its AI optimization software, and forging new partnerships across the automotive, electronics, and energy storage sectors. This enterprise-level funding provides Addionics with the resources to solidify its position as a key player in the advanced battery materials market, driving the transition towards more efficient and sustainable energy solutions.
See full Addionics company page
