Autos

Ford and BMW lead $130 million round in EV battery start-up

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Solid Power’s 22-layer, 20Ah all solid-state lithium metal cell compared to the company’s first-generation 10-layer, 2Ah cell.

Solid Power

DETROIT — Ford Motor is increasing its investment in EV battery start-up Solid Power with hopes of starting to integrate the next-generation batteries into its electric vehicles by the end of this decade.

Ford, which initially invested in the company in 2019, led a $130 million funding round in Solid Power with BMW and Venture capital firm Volta Energy Technologies, the companies announced Monday.

Solid Power makes so-called solid-state batteries, which don’t use the liquid electrolyte found in the conventional lithium-ion batteries currently used to…



Source cnbc.com

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