Addionics Overview
Addionics is focused on redesigning battery architecture, replacing the electrode’s traditional 2D layered structure with an integrated 3D structure. This approach results in batteries with increased energy density and power, enhanced safety, and longer lifetime – all without increasing battery cost. This innovation unlocks the full potential of next-generation battery chemistries to address rising global battery demand driven by electrification trends and decarbonization mandates. The company’s core IP is its patented and scalable electrode fabrication process that significantly lowers manufacturing costs, enabling mass market adoption of 3D electrode structures for the first time. This drop-in solution is compatible with existing battery manufacturing facilities and assembly lines. In addition, Addionics’ proprietary artificial intelligence (AI) algorithm accelerates battery development time, optimizing electrode designs to meet any battery application and performance requirement. With the combination of Addionics’ patented manufacturing process and AI algorithm, manufacturers can build high performance batteries with reduced market prices at the giga scale.
Cumulative Funding Raised Over Time ($)
$3.5MApr 2020
$4.5MJan 2018
$31.5MJan 2022
$70.5MJun 2024
Latest News
growth-positive
EV battery tech startup Addionics nets $39 million Series B led by GM | CTech
Israeli auto-tech company Addionics has raised $39 million in a Series B funding round led by GM Ventures and the Deep Insight fund. The investment will be used to expand its teams globally and advance its manufacturing and commercialization efforts, including the construction of a US-based giga-factory. Addionics is developing a component, the 3D Current Collector, to be integrated into electric vehicle batteries to improve their performance. The company works with the majority of the 10 biggest global automotive OEMs and battery manufacturers.
InvestmentExpand
growth-positive
Addionics sets sights on $400M investment into U.S. next-gen battery factories | CTech
Addionics, an Israeli startup that develops technology to improve battery performance, has announced a planned $400 million investment into its U.S. manufacturing facilities. This is part of a multi-year roadmap to support domestic EV battery production. The company plans to raise the money through a combination of grants, equity, and debt. The first plant is expected to begin production in 2027, with additional plants to be completed by 2032. The factories will produce 3D copper foils to support 90GWh of battery capacity a year.
InvestmentExpand
growth-positive
Advanced tech for EV batteries to be made in Israel - ISRAEL21c
Israeli battery technology startup Addionics is opening a pilot manufacturing line for its Smart 3D Electrodes for electric vehicle batteries. The companys technology improves energy density, power, safety, and durability without increasing cost. Addionics is already working with top global companies in the EV market. The new manufacturing line will serve as the companys headquarters and allow for increased production capacity. Addionics aims to accelerate the EV revolution and advance global decarbonization efforts. The company has raised $40 million in funding and employs about 50 people across multiple locations.
CustomersPartnersInvestmentExpand
growth-positive
Blitz Motors Signs Deal With Addionics To Develop Smart 3D Electrodes
Israeli battery tech firm Addionics has announced a partnership with electric moped manufacturer Blitz Motors to develop a new model of electric mopeds powered by Addionics batteries. The batteries will offer improved performance, including greater travel distances per charge and reduced charging times. The partnership aims to enhance battery performance and cost in Blitz Motors fleet of electric mopeds. Addionics Smart 3D Electrodes technology will be used to co-develop lithium-ion batteries for the mopeds. The prototype is expected to be completed in 2023. Blitz Motors is known for manufacturing affordable, smart electric mopeds with data analytic capabilities for predictive maintenance.
PartnersCustomers
growth-positive
Israeli maker of smart 3D battery tech among 12 winners of BloombergNEF award
Israeli battery tech startup Addionics has been named one of 12 BNEF Pioneers in 2022 by BloombergNEF. Addionics develops smart 3D electrodes that improve battery performance, capacity, and charging time. The company aims to accelerate the transition to a carbon-free economy and hopes to be an integral part of the electrification revolution. Addionics was the only Israeli winner in the competition, which evaluated companies based on their impact on greenhouse gas emissions, technological innovation, and potential scalability. The company is already working with OEMs and Tier I companies and has a partnership with the Centre for Process Innovation and the University of Warwicks WMG. Addionics raised $27 million in a Series A round earlier this year and plans to expand its team, increase activities in the US and Germany, and reach commercialization by 2024.
Partners
| Sector | Energy Tech |
Funding
| Total funding | $73M |
| Last funding | $39M |
| Stage | B |
| Rounds | 6 |
| Investors | 24 |
Team Members
7
Employees: 51-200
Web & Social Links
| Website | addionics.com |
| Careers | Careers page |
Locations
Tel Aviv-Yafo, Israel
80 Wood Lane, London, United Kingdom
Germany
United States
Photos & Videos
6 item(s)
Addionics Business
Business models
B2B
Product stage
Alpha
Employees
51-200
Sector
Automotive & Mobility TechnologiesElectric Mobility & Alternative FuelsClimate TechEnergy TransitionEco-Efficient Energy StorageEco-Efficient Transportation & LogisticsEco-Efficient Electric Vehicle Infrastructure & PlatformsEnergy TechEnergy Management & Grid IntegrationTarget Customer
Healthcare & Life SciencesMedical Devices IndustryCommerce & RetailConsumer GoodsConsumer ElectronicsIndustrial ManufacturingDiscrete IndustriesAutomotiveAerospaceCore Technology
Artificial IntelligenceTags (10)
climate-techelectric-vehiclesenergybatteriesenergy-storageartificial-intelligenceelectro-chemical-batteriesautomotivesmart-mobilityenergytechGeographic Markets
EuropeUnited StatesAsiaCanadaAddionics Financials
$73M
Total funding
Undisclosed
Capital raised
$39M
Last funding
B
Funding stage
6
Total rounds
24
Investors
Cumulative Funding Raised Over Time ($)
$3.5MApr 2020
$4.5MJan 2018
$31.5MJan 2022
$70.5MJun 2024
Private Equity Funding
B Round
Jun 2024
$39M
GM Ventures (Lead), Deep Insight (Lead)
,
Next Gear Ventures, Union Tech Ventures, GiTV (Global Innovation Technology Ventures), Iron Nation, Doral Energy-Tech Ventures, Jeff Horing, OurCrowd, Catalyst, Susten, 8090 Partners, Scania
A Round
Jan 2022
$27M
Deep Insight (Lead)
,
Doral Energy-Tech Ventures, Delek Motors, Vasuki Technology Fund, Magna Capital Partners, Bridges Israel, David Deak, Magna Technology Investments, Talcar Corporation, Union Tech Ventures, Boaz Schwartz, GiTV (Global Innovation Technology Ventures), JX Nippon Mining & Metals
Seed
Apr 2020
$3.5M
Next Gear Ventures (Lead)
,
Undisclosed Investor(s), Magna Capital Partners, Teramips Technologies, Vasuki Technology Fund
Pre-Seed
Jan 2018
$1M
Non-Equity Funding
GrantEvent
Aug 2021
Undisclosed
Innovate UK
GrantEvent
Apr 2020
$2.5M
EU Horizon 2020
Addionics Lifecycle
Cumulative Funding Raised Over Time
$3.5MApr 2020
$4.5MJan 2018
$31.5MJan 2022
$70.5MJun 2024
All Events
B Round
Jun 2024
$39M
GM Ventures (Lead), Deep Insight (Lead)
,
Next Gear Ventures, Union Tech Ventures, GiTV (Global Innovation Technology Ventures), Iron Nation, Doral Energy-Tech Ventures, Jeff Horing, OurCrowd, Catalyst, Susten, 8090 Partners, Scania
A Round
Jan 2022
$27M
Deep Insight (Lead)
,
Doral Energy-Tech Ventures, Delek Motors, Vasuki Technology Fund, Magna Capital Partners, Bridges Israel, David Deak, Magna Technology Investments, Talcar Corporation, Union Tech Ventures, Boaz Schwartz, GiTV (Global Innovation Technology Ventures), JX Nippon Mining & Metals
Seed
Apr 2020
$3.5M
Next Gear Ventures (Lead)
,
Undisclosed Investor(s), Magna Capital Partners, Teramips Technologies, Vasuki Technology Fund
Pre-Seed
Jan 2018
$1M
GrantEvent
Aug 2021
Undisclosed
Innovate UK
GrantEvent
Apr 2020
$2.5M
EU Horizon 2020
Addionics News
13 articles
growth-positive
EV battery tech startup Addionics nets $39 million Series B led by GM | CTech
Israeli auto-tech company Addionics has raised $39 million in a Series B funding round led by GM Ventures and the Deep Insight fund. The investment will be used to expand its teams globally and advance its manufacturing and commercialization efforts, including the construction of a US-based giga-factory. Addionics is developing a component, the 3D Current Collector, to be integrated into electric vehicle batteries to improve their performance. The company works with the majority of the 10 biggest global automotive OEMs and battery manufacturers.
InvestmentExpand
growth-positive
Addionics sets sights on $400M investment into U.S. next-gen battery factories | CTech
Addionics, an Israeli startup that develops technology to improve battery performance, has announced a planned $400 million investment into its U.S. manufacturing facilities. This is part of a multi-year roadmap to support domestic EV battery production. The company plans to raise the money through a combination of grants, equity, and debt. The first plant is expected to begin production in 2027, with additional plants to be completed by 2032. The factories will produce 3D copper foils to support 90GWh of battery capacity a year.
InvestmentExpand
growth-positive
Advanced tech for EV batteries to be made in Israel - ISRAEL21c
Israeli battery technology startup Addionics is opening a pilot manufacturing line for its Smart 3D Electrodes for electric vehicle batteries. The companys technology improves energy density, power, safety, and durability without increasing cost. Addionics is already working with top global companies in the EV market. The new manufacturing line will serve as the companys headquarters and allow for increased production capacity. Addionics aims to accelerate the EV revolution and advance global decarbonization efforts. The company has raised $40 million in funding and employs about 50 people across multiple locations.
CustomersPartnersInvestmentExpand
growth-positive
Blitz Motors Signs Deal With Addionics To Develop Smart 3D Electrodes
Israeli battery tech firm Addionics has announced a partnership with electric moped manufacturer Blitz Motors to develop a new model of electric mopeds powered by Addionics batteries. The batteries will offer improved performance, including greater travel distances per charge and reduced charging times. The partnership aims to enhance battery performance and cost in Blitz Motors fleet of electric mopeds. Addionics Smart 3D Electrodes technology will be used to co-develop lithium-ion batteries for the mopeds. The prototype is expected to be completed in 2023. Blitz Motors is known for manufacturing affordable, smart electric mopeds with data analytic capabilities for predictive maintenance.
PartnersCustomers
growth-positive
Israeli maker of smart 3D battery tech among 12 winners of BloombergNEF award
Israeli battery tech startup Addionics has been named one of 12 BNEF Pioneers in 2022 by BloombergNEF. Addionics develops smart 3D electrodes that improve battery performance, capacity, and charging time. The company aims to accelerate the transition to a carbon-free economy and hopes to be an integral part of the electrification revolution. Addionics was the only Israeli winner in the competition, which evaluated companies based on their impact on greenhouse gas emissions, technological innovation, and potential scalability. The company is already working with OEMs and Tier I companies and has a partnership with the Centre for Process Innovation and the University of Warwicks WMG. Addionics raised $27 million in a Series A round earlier this year and plans to expand its team, increase activities in the US and Germany, and reach commercialization by 2024.
Partners
growth-positive
"Well create electric batteries that can travel longer distances," says Addionics CEO CTech
Dr. Moshiel Biton, co-founder and CEO of Addionics, discussed the companys focus on developing next-generation batteries during the Calcalist Mind The Tech London 2022 conference. Addionics aims to increase the distance electric vehicles (EVs) can travel and reduce their charging times. Biton highlighted the limitations of current electric batteries and the fierce competition in the industry. Addionics is working with leading manufacturers to achieve their goals. The article emphasizes the need for a dramatic change in rechargeable batteries to support the growing demand for EVs and decrease dependence on oil and petroleum.
CustomersPartners
growth-positive
Israeli smart battery co Addionics raises $27m
Addionics, an Israeli battery technology company, has completed a $27 million Series A financing round. The funds will be used to scale up the companys efforts to redesign battery architecture. Addionics is replacing the traditional 2D layered structure of electrodes with an integrated 3D structure, resulting in batteries with increased energy density and power, enhanced safety, and longer lifetime. The companys patented electrode fabrication process reduces manufacturing costs and is compatible with existing battery manufacturing facilities. Addionics is collaborating with automotive OEMs and suppliers to integrate its 3D smart electrodes into various applications, with a focus on electric vehicles.
Investment
growth-positive
A battery that aims to disrupt the history of battery technology
Addionics, an electric car battery startup, aims to improve battery performance by introducing a new design for the electric current collector. By layering the active material throughout the collector, Addionics increases the range and charging rates of electric vehicle batteries. The companys technology can halve charging time and reduce internal heating. Addionics plans to sell its improved metal foils to existing battery manufacturers and is working on partnerships with companies like Saint-Gobain. The company has raised $8.5 million in funding and has several ongoing projects. Addionics hopes to have its first consumer electronics products ready by 2023 and expects electric vehicle integration by 2026.
InvestmentExpand
growth-positive
High energy battery co Addionics awarded Innovate UK funding
Israeli startup Addionics has been awarded funding from Innovate UK to lead a project in developing next-generation batteries for electric vehicles. The project, called STELLAR, aims to achieve improvements in lithium-ion battery cell performance and manufacturing processes using smart 3D electrodes. The funding will be used to develop batteries that offer higher accessible capacity, faster charging time, and longer lifetime. The project is part of the UKs efforts to ban combustible engine sales by 2030 and achieve carbon neutrality by 2050. Addionics has raised $10 million to date and is currently conducting proof of concept with two leading German car manufacturers.
PartnersInvestment
growth-positive
Israel's Addionics Charges Ahead With Next-Gen Batteries
Battery technology company Addionics has partnered with the Centre of Process Innovation (CPI) and WMG at the University of Warwick to improve lithium-ion battery cell performance and manufacturing processes. The partnership aims to use Addionics’ Smart 3D Electrodes and AI technology to enhance battery performance, reduce charging time, and improve safety. The project is supported by Innovate UK, a government-funded body. Addionics, which has a team in London and Tel Aviv, has six commercial products for carmakers, OEMs, and other companies looking to improve their batteries.
PartnersInvestment
growth-positive
האם בזכות פיתוח ישראלי ניסע מאות קילומטרים ברכב חשמלי ונטעין את הסמארטפון פעם בשלושה ימים?
Israeli start-up Addionics has developed a new battery architecture that could improve battery capacity by tens of percent and reduce charging time. The companys technology does not involve changing the batterys chemistry, but rather its physical structure. Addionics has developed three-dimensional electrodes designed to improve current transfer in the battery, allowing for higher currents to be transferred without damaging the battery. This could result in faster charging and discharging. The company has raised $8 million to date and has partnerships with international companies to implement their architecture in different chemical compositions.
InvestmentPartners
growth-positive
Addionics, a startup creating 'next-gen' batteries for electric cars and more, raises $6M - TechCrunch
Israeli/U.K. startup Addionics has raised $6 million in funding led by Next Gear Ventures. The company has developed a patent-protected and scalable 3D metal fabrication method to improve rechargeable batteries. Addionics approach focuses on physics rather than chemistry, allowing it to enhance the performance of existing or future batteries. The company is initially targeting the automotive market and is working with an unnamed tier-1 American automotive company on a proof-of-concept design. Addionics aims to have 3-4 major collaborations with world-leading OEMs in the next year.
Investment
growth-positive
Addionics - Battery Innovation
Addionics, an Israeli startup, has graduated from the Intel Ignite startup growth program. The company focuses on redesigning the architecture of batteries to improve their performance. They use a patented 3D metal fabrication method to develop high capacity and fast charging rechargeable batteries. Addionics aims to accelerate the mass deployment of electric vehicles and decrease air pollution caused by transportation. They strive to make products powered by batteries more sustainable. Addionics has received $3 million in funding from Next Gear Ventures. The article also mentions other startups that graduated from the Intel Ignite program.
Investment
Addionics Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 89 |
| Team members | 7 |
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515771194 |
| Crunchbase | addionics-london-united-kingdom |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-09-12T00:00:00.000Z |
| Created | 2017-11-20T00:00:00.000Z |
| Claimed | Yes |