Solid Power, a developer of all solid-state batteries for electric vehicles, announced a $130-million Series B investment round led by the BMW Group, Ford Motor Company and Volta Energy Technologies. Ford and the BMW Group have also expanded existing joint development agreements with Solid Power to secure all solid-state batteries for future electric vehicles. Volta Energy Technologies is a venture capital firm spun out of the US Department of Energy’s Argonne National Laboratory focused on investing in breakthrough energy storage and battery innovations. The investment positions Solid Power to produce full-scale automotive batteries, increase associated material output and expand in-house production capabilities for future vehicle integration. The BMW Group and Ford aim to utilize Solid Power’s low-cost, high-energy all solid-state battery technology in forthcoming electric vehicles. BMW and Ford now share leading positions in the race for solid-state battery-powered electric vehicles. Solid Power now plans to begin producing automotive-scale […]