![]() ![]() The interest is likely to be driven by clean energy requirements and the growing demand for zero-emission, all-electric cars. Kakade concludes: “In the coming years, the VC interest in EV battery startups seems to be far from running dry. The financing was used to increase the production of its high-performance lithium-ion batteries and expand in-house manufacturing capabilities for future vehicle integration. In May 2021, the company raised $130m in an investment round led by the VC arms of BMW and Ford along with Volta Energy Technologies. ![]() US-based Solid Power develops all-solid-state cost-efficient rechargeable lithium batteries catering to various electromobility segments. In July 2021, the company went public via a merger with a special purpose acquisition company (SPAC) Ivanhoe Capital. SKYROCKET VENTURES SERIESIn April 2021, the company raised $139m in a Series D funding round with participation led by the VC arm of General Motors and other investors including Shanghai Auto, Temasek, Applied Ventures, and Vertex. US-based SES (formerly SolidEnergy Systems) produces energy-dense and cost-efficient lithium-metal batteries to power the future of EVs and electric vertical take-off and landing (eVTOLs). In December 2021, it received $930m from Sichuan Energy Investment, Han’s Laser Technology, and others to expand the production facilities and R&D centers for its energy-dense and safe lithium iron phosphate batteries. After performing an initial recruiting consultation, Skyrocket Ventures pre-screens candidates and introduces top talent. SKYROCKET VENTURES SOFTWAREGlobalData’s latest FutureTech series report, ‘Performance Meets Sustainability – Can Advanced Batteries Facilitate Energy Transition?’, highlights various lithium-based battery startups looking to accelerate the adoption of EVs.Ĭhina-based SVOLT manufactures lithium-ion batteries for EVs and energy storage. Skyrocket Ventures, a firm that specializes in recruiting software engineering professionals, serves businesses and candidates in the San Francisco Bay area and aims to provide a mutually beneficial experience for all involved. The major focus of such deals is primarily to accelerate the commercialization of lithium-powered batteries that exhibit high energy density, superior performance, increased safety, and are cost-effective.” Prasad Kakade, Senior Disruptive Tech Analyst at GlobalData, comments: “Big deals from VC investors are pushing forward the advanced batteries funding to a new high. ![]() 2019 grid parity white paperĪgainst the backdrop, the value of venture capital (VC) deals in advanced batteries shot up by 850% year-on-year (YoY) in 2021 with focus on lithium chemistries, reveals GlobalData, a leading data and analytics company.
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