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Solid Power Will Power BMW And Ford With Its Solid-State Cells

Solid Power Will Power BMW And Ford With Its Solid-State Cells May 03, 2021 at 1:53pm ET ++ Volta Energy is another company investing in Solid Power to use its batteries. Nikkei Asia, but these solid-state cells will be only for wearables. Solid Power and QuantumScape are the strongest names around. While Volkswagen backs the latter, we learned this May 3 that BMW and Ford are willing to use Solid Power’s solid-state cells in their cars. The automakers have completed a $130 million Series B investment in the company with Volta Energy Technologies, a venture capital firm. BMW and Ford also expanded a joint development agreement to secure all-solid-state batteries for its EVs.

BMW, Ford lead Solid Power s $130M Series B – BizWest

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

Exclusive: Ford, BMW lead $130 million investing round in solid-state battery startup
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Ford and BMW lead $130 million round in EV battery start-up Solid Power

Ford and BMW lead $130 million round in EV battery start-up Solid Power
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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