SolidEnergy Announces Series B Investment

WALTHAM, Mass.–(BUSINESS WIRE)–SolidEnergy, the developer of the “anode-free” battery delivering ultra
high energy density and safety with 1200 Wh/L and 400 Wh/, announces
today that it has raised $12M in a Series B round. The round was led by
a major U.S. auto company, and syndicated by SAIC, Applied Ventures,
LLC, and all existing investors who participated in the Series A round.


“Our new strategic investors are very experienced in battery investments
and have very high standards. We are all very excited for the high
energy density that our anode-free batteries have demonstrated in
practice, not just on paper,” said Qichao Hu, SolidEnergy’s Founder and
CEO. “Strategic investments will help us build an ecosystem around our
anode-free battery by establishing partnerships with equipment
suppliers, battery manufacturers and battery end users. We are humbled
by the challenges and are very excited to play a role in the
electrification of transportation and reduction of greenhouse gas
emission worldwide.”

About SolidEnergy
SolidEnergy revolutionized portable energy
storage with the introduction of the “anode-free” lithium metal battery
in 2014. SolidEnergy’s two material platforms, dual-layer electrolyte
and ultra-thin lithium metal anode, provide transformational energy
density and safety across all rechargeable lithium batteries and can be
seamlessly integrated into existing Li-ion manufacturing capability. The
final applications include drones, watches & wearables, smart phones,
and electric cars.

SolidEnergy was founded in 2012 during the turmoil of the lithium
battery industry meltdown. Its mission is to power people’s lives,
whether they are communicating with loved ones on a phone or driving
with family in an electric car.

Contacts

For SolidEnergy Systems Corporation
Qichao Hu, 617-972-3412