CU Boulder battery tech spinout Solid Power and Ford will collaborate on delivering a solid-state cell for electric vehicles using the spinout's production facility.
Solid Power, a US-based solid-state battery manufacturing spinout of University of Colorado Boulder, has added investors including carmaker Ford to a series A round that stood at $26m as of this January.
Battery tech-focused VC fund Volta Energy Technologies has also joined the round, which follows an initial $20m series A tranche in September 2018 backed by Hyundai Cradle, the collaborative innovation unit of car manufacturer Hyundai, and Samsung Venture Investment Corporate, an investment subsidiary of consumer electronics corporate Samsung.
Automotive parts maker Sanoh Industrial also featured in the first series A close, as did Solvay Ventures, an investment arm of chemicals supplier Solvay, and A123 Systems, a subsidiary of car components maker Wanxiang.
Solid Power revealed in a regulatory filing in January 2019 that it had extended the series A round to $26m, with a $31m target, however it remains unclear whether the round has…
