SolidEnergy Systems, a Woburn, Mass.-based developer and producer of advanced semi solid Li-Metal technology, raised $34M in Series C funding round.
SolidEnergy plans to use the funds to expand its manufacturing capability both internally and through cell manufacturing partners.
Led by Qichao Hu, Founder and CEO, and newly appointed COO Bud Collins, SolidEnergy is a developer and producer of advanced semi solid Li-Metal technology, which includes light rechargeable cells that can be manufactured using existing Li-ion manufacturing infrastructure.
Founded in 2012, as an MIT spinoff, the company developed and produces Li-Metal cells with >450Wh/kg and 1200Wh/L under the trademark Hermes™ (High Energy Rechargeable Metal Cells for Space) to customers in aeronautics, space, consumer drones, consumer electronics and automotive. Its main focus is on materials – anodes and electrolytes and manufacturing processes that are compatible with existing Li-ion cell manufacturing processes thus achieving scalability by using existing infrastructure and eliminating the need for costly infrastructure investments.