Belgium-based company developing solid-state battery technology, SOLiTHOR has raised €10 million in funding. The seed round was led by imec.xpand and saw the participation of LRM, Nuhma and FPIM.
The company will use the funds to develop the technology required to enable further electrification of the transport industry and provide solutions to address current issues in autonomy, performance, longevity and safety.
Founded in 2021 by Huw Hampson-Jones and Dr Fanny Bardé, the company is on a mission to become a key provider in the European battery value chain to make a ‘strong’ contribution to European exports supplying the worldwide market. SOLiTHOR is a spin-off from imec. It is spearheading the development, manufacturing and commercialisation of solid-state lithium battery cell technology to offer high energy storage solutions.
It claims its next-generation solid-state lithium batteries will bring the performance of classical battery systems to the next level in terms of energy density, charging speed, weight, and volume.
Huw Hampson-Jones said: “SOLiTHOR’s technology is based on technology, which will improve energy density and charging speeds and crucially, increase safety and will be far easier to manufacture than other solid-state batteries.”
The battery technology will be used in a range of transport applications ranging from automotive to aviation, and marine to space.
Olivier Rousseaux, director of venture development, imec, added: “SOLiTHOR is on a path to unleash the great potential of this technology for the society: contribute to the reduction of our carbon footprint through further electrification of our transport and contribute to Europe’s strategic positioning and independence in the energy sector. It will impact our local economy thanks to the expected establishment of manufacturing activities to serve its customers globally.”
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