Thestartuphas developed a 3D-structured ultra-thin copper foil that can simply drop in to existing battery architectures.
The so-called current collector minimises internal resistance within a battery, allowing energy to flow more efficiently.
This improves capacity, charging time, and battery life.
While these benefits apply to all batteries, Addionics is focusing its efforts on the automotive industry.
EV-makers and their battery manufacturers are racing to build batteries that charge faster and last longer.
40% off TNW Conference!
The plant will be built not in Europe but the US.
We havent found any other location that provides similar incentives.
This would reduce the overall cost of batteries in the US,Addionics said following theannouncement.
So far Addionics has secured $72mn in total since Biton andFarid Tariqco-founded the company in 2017.
It plans to raise hundreds of millions more via grants, equity, and debt.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
