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High Tech Series B Founded 2017

Addionics

Addionics manufactures three-dimensional current collectors that enable the next generation of rechargeable batteries, delivering cheaper, lighter, faster-charging, and more conductive battery performance. The company porous 3D current collectors allow higher loading of active material while reducing weight and cost, achieving 10% cost reduction through faster drying and shorter electrolyte filling time, 60% longer…

📍 Tel Aviv, Israel · 3D Printing,

Funding snapshot

Last roundSeries B
Amount$39M
Date25 July 2024
Total raised$70M
Valuation71,299,706 (Dec 19, 2021)
Team size93

About

Addionics manufactures three-dimensional current collectors that enable the next generation of rechargeable batteries, delivering cheaper, lighter, faster-charging, and more conductive battery performance. The company porous 3D current collectors allow higher loading of active material while reducing weight and cost, achieving 10% cost reduction through faster drying and shorter electrolyte filling time, 60% longer lifetime, and 12% higher energy density through improved structure, resistance, and adhesion. The technology is a drop-in solution seamlessly integrated into existing battery assembly lines using traditional coating processes, making it chemistry-agnostic and compatible with both existing and emerging battery chemistries. Addionics recently announced Autonomous Architecture, a new battery architecture designed for the autonomous era. The company uses a proprietary AI-driven battery cell modeling platform to optimize battery structures for specific performance outcomes, and manufactures current collectors from recycled copper to support circular economy goals. Products include 3D Cathode and 3D Anode Current Collectors, with operations across the United States, Israel, United Kingdom, and Germany. Founded in 2017 and headquartered in Tel Aviv, Israel, Addionics has raised $69.5 million in Series B funding from investors including GM Ventures, Scania, Magna, Novelis, JX Nippon Mining and Metals, EIC Fund, Next Gear Ventures, and 8090 Industries.

Business model

3D Printing > Applications > Batteries > Electrodes,

Energy Storage Tech > Battery > Components > Electrode > Diversified > 3D Printed,

Plug and Play Tech Center Batches > Mobility > Batch 6

Founders & team highlights

Founder with Prior Funding,

Serial Founder

Team background

Top Rated Teams > Serial Entrepreneur,

College Wise > Tel Aviv University, Imperial College London

Institutional investors

EIC Fund Next Gear Ventures Europa GM Ventures Deep Insight Scania Union Tech Ventures Delek Motors Doral Energy-Tech Ventures Catalyst Iron Nation Susten 8090 Industries K.S.P Global IoT Technology Ventures

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