SES Closes $139M Series D Funding

ses

SES, a Singapore -based leader in development and manufacturing of Li-Metal rechargeable batteries for electric vehicles, completed a $139M Series D funding round.

The round was led by General Motors with participation from existing investors SK Inc., Temasek, Applied Ventures LLC, Shanghai Auto and Vertex.

The company intends to use the funds to accelerate technology development, expand its technical, business and manufacturing teams, and expedite the commercialization of Li-Metal batteries.

Led by Qichao Hu, founder and CEO, SES is a leader in development and manufacturing of Li-Metal batteries for automotive and other applications including Electric Vehicles (EVs) and Electric Vertical Take-Off and Landing Vehicles (eVTOLs). The company has operations subsidiaries in Boston, Shanghai and Seoul.

FinSMEs

26/04/2021