May 04 - 12:05
Solid Power backed by Ford and BMW
Solid Power, a startup in the solid state battery space, has raised $130m from some high-profile investors. Ford and BMW are among those to have backed the company because of its relevance in the production of electric vehicles. Carmakers are keen to lower the cost of EVs as production and demand ramps up. Solid state battery technology offers more capacity than lithium-ion batteries.
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