SolidEnergy Systems announced that it has completed a $34M Series C funding round, bringing the total funding to date to more than $50M.
SolidEnergy is a developer and producer of advanced semi solid Li-Metal technology, the lightest rechargeable cells in the world that can be manufactured using existing Li-ion manufacturing infrastructure.
The company also announced that Bud Collins, the former CEO of NEC Energy Solutions and President of A123 Energy Solutions, has joined SolidEnergy Systems as COO. With extensive experience spanning nearly three decades, Bud brings valuable experience in management, product and business development to SolidEnergy during a period of rapid growth. As COO, Bud will lead and direct the company’s operations enabling further growth into the UAV, Wearables, Smartphones and Electric Vehicles markets. “I am very excited to join SolidEnergy Systems at this moment in time where they are entering into the commercialization phase of their technologies,” said Collins. “SolidEnergy’s ability to leverage existing infrastructure of cell manufacturers is a key enabler in bringing their technology to market quickly and with the highest quality.”
“We are grateful for the trust and support that our existing and new investors put in us and are thrilled to have a steady hand like Bud Collins at the operational helm as we continue to expand our product line and broaden our customer base,” said Qichao Hu, Founder and CEO of SolidEnergy Systems. “SolidEnergy plans to use the funds to expand our manufacturing capability both internally and through cell manufacturing partners.”
SolidEnergy | http://www.solidenergysystems.com