Addionics secures Series B funding from Avery Dennison to scale production.
Avery Dennison has backed Addionics in a Series B round to support manufacturing scale and commercialisation.
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 a Series B investment from Avery Dennison to support the scaling of its production process. The funding and manufacturing expertise provided by Avery Dennison will allow Addionics to bolster its roll-to-roll manufacturing capabilities and commercialization efforts. Avery Dennison joins as a strategic industry investor in the company.
Addionics provides 3D current collectors that can be integrated into existing manufacturing processes to enhance battery performance. The partnership combines Addionics technology with Avery Dennison materials science knowledge and global manufacturing reach to advance energy storage applications.
From the founder
"Avery Dennison has extensive roll-to-roll manufacturing experience. This makes them a preferred strategic investor. Demand for high-performing batteries is growing worldwide, and our product is growing alongside that demand. The funding and technical knowledge that Avery Dennison is providing will better enable us to supply our battery technology to battery manufacturers and improve battery performance throughout the industry."
Moshiel Biton
CEO and co-founder at Addionics
Investor perspective
"We are creating a mutually beneficial partnership. The investment will enable Addionics to accelerate the development and commercialization of its unique technology for current collectors. Our process know-how, materials science knowledge and global reach complement Addionics’ novel technology and entrepreneurial spirit. Equally important, the partnership contributes to advancing sustainability."
Pankaj Bhardwaj
Vice president and general manager, Avery Dennison Materials Group, Asia, Middle East & Africa, Avery Dennison
Use of funds
- 01Scale operations
Investors
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About the company
Addionics
Addionics manufactures 3D current collectors that improve battery performance.