Abstract
Solid Power has raised $130 million in a second round of funding from BMW, Ford Motor, and Volta Energy Technologies to advance solid-state batteries. Ford and BMW have also extended joint development agreements with the Colorado-based firm. Solid Power says its sulfide solid electrolyte enables cheap, energy-dense battery packs for electric vehicles that are also stable and safe. It plans to use the funds to produce full-scale auto batteries, boost material output, and expand its vehicle integration capabilities.
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