Adden Energy, a Waltham, MA-based company developing lithium metal batteries, raised $15M in Series A funding.
The round was led by At One Ventures with participation from Primavera Capital Group, Rhapsody Venture Partners, and MassVentures.
The company intends to use the funds to construct a roll-to-roll pilot line production facility at its headquarters in Waltham.
Founded by Xin Li, William Fitzhugh, and Luhan Ye, Adden Energy is developing lithium metal batteries based on novel self-healing solid-state battery technology. The company’s batteries are on track to reach the goal of EV parity with internal combustion engines by 2028. Based on solid-state battery technology originally developed at Harvard, Adden Energy combines lithium metal and fast charging.
FinSMEs
23/10/2024