Solid Power filed a Form D with the U.S. Securities and Exchange Commission late last year indicating that it planned to raise capital indefinitely.
“Solid-state battery technology is important to the future of electric vehicles, and that’s why we’re investing directly,” Ted Miller, Ford’s manager of electrification subsystems and power supply research, said in a statement. “By simplifying the design of solid-state versus lithium-ion batteries, we’ll be able to increase vehicle range, improve interior space and cargo volume, deliver lower costs and better value for customers and more efficiently integrate this kind of solid-state battery cell technology into existing lithium-ion cell production processes.”
Exclusive: Ford, BMW lead $130 million investing round in solid-state battery startup
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BMW and Ford Invest $130 Million to Secure Solid-State Batteries for Future Electric Vehicles
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Ford and BMW lead $130 million round in EV battery start-up Solid Power
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