Addionics closes $27 million Series A for next-generation batteries

Addionics, which develops technology to improve the performance of batteries, announced on Tuesday that it has raised $27 million in a Series A funding round. The funding round was led by Deep Insight, a deep tech investment firm founded and backed by Jeff Horing, the founder of Insight Partners, together with Catalyst Fund, Delek Motors, and Dr. Boaz Schwartz. Additional investments include strategic and financial support from Novelis, Magna International, JX Nippon Mining & Metals, Union Tech Ventures, 8090 Partners, GiTV, Talcar Corporation, Bridges Israel impact investment fund, Doral Energy Tech Ventures (Doral Energy CVC), and Dr. David Deak. Existing investors that participated in the round include NextGear Ventures and Vasuki Global Tech Fund. Addionics has offices in Israel and London and employs around 20 people.

Addionics is focused on redesigning battery architecture, replacing the electrode’s traditional 2D layered structure with an integrated 3D structure. This approach results in batteries with increased energy density and power, enhanced safety, and longer lifetime – all without increasing battery cost. This innovation unlocks the full potential of next-generation battery chemistries to address rising global battery demand driven by electrification trends and decarbonization mandates.

Addionics was founded by Moshiel Biton (CEO), Vladimir Yufit (CTO), and Farid Tariq (CSO). “Our solution doesn’t focus on the chemistry of the battery but rather changes the architecture of batteries,” Biton told Calcalist. “We have been developing this technology for several years and our big breakthrough is our ability to mass produce it.”

The company’s core IP is its patented and scalable electrode fabrication process that significantly lowers manufacturing costs, enabling mass market adoption of 3D electrode structures for the first time. This drop-in solution is compatible with existing battery manufacturing facilities and assembly lines. In addition, Addionics’ proprietary artificial intelligence (AI) algorithm accelerates battery development time, optimizing electrode designs to meet any battery application and performance requirement.

Addionics plans to advance the integration of its technology into a wide variety of applications with an initial focus on electric vehicles in collaboration with some of the world’s largest automakers and suppliers. The company is collaborating with leading automotive OEMs and suppliers in the U.S. and Europe to integrate 3D Smart Electrodes with lithium-nickel-manganese-cobalt-oxide (NMC), lithium iron phosphate (LFP), silicon, lithium polymer battery chemistries, and solid state batteries (SSB).