Addionics raises £30.3m in Series B funding co-led by GM Ventures and Deep Insight to scale manufacturing.
The financing round was co-led by GM Ventures and Deep Insight to support operational growth and manufacturing expansion.
Addionics manufactures smart 3D current collectors designed to enhance battery performance while reducing production costs. The technology integrates into existing manufacturing lines to improve capacity, safety, and charging times across various battery chemistries.
Addionics has secured £30.3m in a Series B funding round co-led by GM Ventures and Deep Insight, with participation from Scania and other strategic investors. The capital will be directed towards expanding manufacturing capabilities, building global teams, and advancing construction on a planned US giga-factory.
The company produces 3D current collectors that enhance battery performance through better thermal management, faster charging times, and increased stability. With this financing, management intends to commence commercial production by the end of the year and scale up distribution for automotive partners.
From the founder
"Working with true partners who understand the urgency of what Addionics has set out to accomplish is a privilege,"
Moshiel Biton
CEO and co-founder at Addionics
Investor perspective
"GM’s investment supports our broader mission of identifying, investing in, and developing the right technology that will enable our all-electric future,"
Anirvan Coomer
Managing Director, GM Ventures
Use of funds
- 01Grow the team
- 02Scale operations
- 03Build out infrastructure
Investors
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About the company
Addionics
Addionics manufactures 3D current collectors that improve battery performance.