Battery technology startup Addionics plans to expand its manufacturing capabilities and commercialization efforts including advancing the construction of its planned U.S.-based gigafactory for production of 3D current collectors.
As part of this, the company raised $39 million led by GM Ventures, the investment arm of General Motors, and Dep Insight.
The funds will be used help with the construction of its first U.S. facility where the company is investing $400 million. The facility will manufacture 3D copper foils to support 90 GWh of battery capacity a year. The factory will help increase U.S. copper foil production — a critical battery component.
These 3D copper foils will drive battery manufacturing as well as enhance performance of these devices. The 3D collectors allow for better heat dissipation throughout the electrodes for:
- Faster charging times
- Increased power
- Improved stability
- Lower battery cost
- Drop-in integration for rapid deployment
Additionally, Addionics said the funding will help with potentially future manufacturing facilities for its 3D current collectors as well as increase R&D efforts for electric vehicle battery technologies.
