Funding and M&A Roundup: Battery Maker Addionics Raises $39 Million

Offgrid solar company d.light secures $176 million securitization facility

July 31, 2024

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Addionics, an Israel-based chemistry-agnostic battery technology company, raised $39 million in a Series B funding round. The round was co-led by GM Ventures and Deep Insight, with participation from Scania and new and returning strategic investors. The investment will allow Addionics to build up teams across the globe and expand its manufacturing and commercialization efforts, including advancing the construction of its planned US-based giga-factory for the production of Addionics 3D Current Collectors.

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