BMW, Ford lead Solid Power’s $130M Series B
LOUISVILLE — Solid Power Inc., the Louisville-based developer of all-solid-state batteries for electric vehicles, has raised $130 million in a Series B funding round led by the BMW Group, Ford Motor Co.(NYSE: F) and Volta Energy Technologies LLC, a venture-capital group based in Warrenville, Illinois.
“BMW and Ford now share leading positions in the race for all solid-state battery-powered electric vehicles,” Solid Power CEO Doug Campbell said in a prepared statement. “Solid Power now plans to begin producing automotive-scale batteries on the company’s pilot production line in early 2022 as a result of our partners’ continued commitment to Solid Power’s commercialization…
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