SolidEnergy, a Waltham, MA-based developer of an anode-free battery, raised $12M in Series B funding round.
The round was led by a major U.S. auto company, with participation from SAIC, Applied Ventures, and all existing investors who participated in the Series A funding.
The company will use the funds to build an ecosystem around its battery by establishing partnerships with suppliers, manufacturers and end users.
Founded in 2012 CEO Qichao Hu, SolidEnergy is developing an anode-free lithium metal battery delivering high energy density and safety with 1200 Wh/L and 400 Wh/, which can be integrated into existing Li-ion manufacturing capability. Final applications include drones, watches & wearables, smart phones, and electric cars.