* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
  • General
  • Health
  • News

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
  • General
  • Health
  • News

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Addionics secures $39M for 3D ‘current collectors’ that boost EV range, charging

July 25, 2024
in Technology
Addionics secures $39M for 3D ‘current collectors’ that boost EV range, charging
Share on FacebookShare on Twitter

London-based Addionics has raised $39mn in funding as it eyes commercialisation of its 3D ‘current collectors’ that can boost the performance of any battery, regardless of its chemistry.

The venture capital arm of General Motors and Israeli VC fund Deep Insight led the round, with participation from Swedish truck-maker Scania.  

The startup has developed a 3D-structured ultra-thin copper foil that can simply “drop in” to existing battery architectures. The so-called current collector minimises internal resistance within a battery, allowing energy to flow more efficiently. This improves capacity, charging time, and battery life. 

While these benefits apply to all batteries, Addionics is focusing its efforts on the automotive industry. 

EV-makers and their battery manufacturers are racing to build batteries that charge faster and last longer. Addionics tech can help boost performance simply by changing the physical structure inside the battery, which it claims is a lot cheaper than tinkering with battery chemistry. 

“Addionics’ current collector design shows promise in enabling improved battery performance at a lower cost,” said Anirvan Coomer, managing director at GM Ventures.

The Israel-born company will use the fresh funding to ramp up R&D as it looks to open its first gigafactory in 2027. The plant will be built not in Europe but the US. 

“With the incentives that the US government is providing, it’s a crime not to try to do it in the US,” CEO and co-founder Moshiel Biton previously told the Financial Times. “We haven’t found any other location that provides similar incentives.”  

In February, Addionics announced that it plans to invest $400mn to build the plant, and an undisclosed number of additional facilities set to be complete by 2032.  

Combined, the factories could produce tens of thousands of tons of 3D copper foil per year — enough to enable 90GWh of battery capacity annually. This would reduce the “overall cost of batteries in the US,” Addionics said following the announcement.

So far Addionics has secured $72mn in total since Biton and Farid Tariq co-founded the company in 2017. It plans to raise hundreds of millions more via grants, equity, and debt.

Published July 25, 2024 – 11:00 am UTC

Back to top

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Next Web – https://thenextweb.com/news/additonics-secures-funding-for-current-collectors-boost-ev-range-charging

Tags: AddionicsSecurestechnology
Previous Post

Revolut wins UK banking license as neobanks take on the establishment

Next Post

‘Deadpool & Wolverine’ Scales New Heights of Cinematic Self-Awareness

The Ecology of Visitation – National Park Service (.gov)

Exploring the Impact of Visitor Interactions on Natural Ecosystems

June 5, 2025
Students play with science at Camp Invention at School of Innovation – News-Herald

Unleashing Creativity: Students Dive into Science at Camp Invention!

June 5, 2025
Are cold plunges good for you? Here’s what the science says. – The Washington Post

Unlocking the Benefits of Cold Plunges: What Science Reveals!

June 5, 2025
Casino magnate Alvin Chau’s wife Heidi Chan embraces Buddhist lifestyle after husband’s incarceration – VnExpress International

Casino magnate Alvin Chau’s wife Heidi Chan embraces Buddhist lifestyle after husband’s incarceration – VnExpress International

June 5, 2025
How each of the 32 teams qualified for the 2025 Club World Cup – The New York Times

Unveiling the Path: How All 32 Teams Earned Their Spot in the 2025 Club World Cup

June 5, 2025
Service side of the U.S. economy contracts for first time in almost a year due to trade fights – MarketWatch

U.S. Service Sector Shrinks for the First Time in Nearly a Year Amid Trade Tensions

June 5, 2025
‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

June 5, 2025
Sutter Health investing $23 million in primary and behavioral care – Healthcare Finance News

Sutter Health investing $23 million in primary and behavioral care – Healthcare Finance News

June 5, 2025
Gov. Shapiro sues USDA over canceled $13M food purchasing program – LancasterOnline

Gov. Shapiro sues USDA over canceled $13M food purchasing program – LancasterOnline

June 5, 2025
Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

Domo Set to Shine at the D.A. Davidson Technology Summit!

June 5, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (667)
  • Economy (681)
  • Entertainment (21,587)
  • General (15,261)
  • Health (9,723)
  • Lifestyle (684)
  • News (22,149)
  • People (682)
  • Politics (690)
  • Science (15,901)
  • Sports (21,185)
  • Technology (15,667)
  • World (668)

Recent News

The Ecology of Visitation – National Park Service (.gov)

Exploring the Impact of Visitor Interactions on Natural Ecosystems

June 5, 2025
Students play with science at Camp Invention at School of Innovation – News-Herald

Unleashing Creativity: Students Dive into Science at Camp Invention!

June 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version