# Addionics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/addionics

- Industry: Energy Storage & Batteries
- Headquarters: London, UK
- Website: www.addionics.com
- Total disclosed funding: $74M
- Latest round: Series B (Jul 11, 2024)
- Investors on record: 21

## About

Based in the UK, Addionics Ltd. develops advanced 3D Current Collectors that enhance battery performance for electric vehicles and renewable energy applications, focusing on efficiency and sustainability.Addionics Ltd. is a UK-based company specializing in the development of advanced 3D Current Collectors for rechargeable batteries. It was founded in 2018 in London by Farid Tariq and Moshiel Biton. The company has secured a total of six funding rounds, with its most recent funding, a Series B round, occurring on 25 July 2024, raising GBP 30 million from various investors including General Motors Ventures and Deep Insight.Addionics specializes in advanced 3D Current Collectors, which are crucial components in the manufacturing of next-generation rechargeable batteries. These collectors feature a unique three-dimensional architecture that improves conductivity and efficiency, enabling faster charging and higher energy density while reducing weight and cost. Their technology is compatible with multiple battery chemistries and can be integrated into existing assembly lines, serving sectors such as electric vehicles, consumer electronics, and renewable energy storage. The company's solutions also aim to reduce reliance on traditional materials like copper and aluminum by up to 60%.Addionics generates revenue through the sale of its proprietary 3D Current Collectors, which are essential for advanced battery production. The company operates a B2B model, partnering with manufacturers in the battery and electric vehicle industries to promote the adoption of its technology. Transactions primarily consist of bulk orders, allowing clients to streamline their manufacturing processes and reduce costs. With the growing demand for electric vehicles and renewable solutions, Addionics caters to major players in the automotive and energy storage markets, reflecting the advanced nature of their offerings in their pricing structure.Following its most recent funding round on 25 July 2024, where Addionics raised GBP 30 million in Series B funding, the company plans to enhance its 3D structured batteries and expand its market presence. The funding will be directed towards the development and launch of new products aimed at improving battery performance. Additionally, Addionics intends to explore opportunities in new geographic markets, with specific focus on regions including the United States and Germany by 2025.

## Funding rounds

- Series B, Jul 11, 2024, $46M — KCP Capital, Delek Group Ltd., General Motors Ventures, Scania CV AB, Union Tech Ventures, Catalyst Fund, Next Gear Ventures, GiTV, 8090 Industries, Doral Energy-Tech Ventures, Deep Insight, Iron Nation, Susten
- Series A, Dec 29, 2021, $27M — Magna International Inc., Magna Capital Partners, Novelis Inc, Union Tech Ventures, Catalyst Fund, Next Gear Ventures, JX Nippon Mining & Metals Corporation, GiTV, Bridges Israel, Delek Motors, 8090 Industries, Vasuki Tech Fund, Doral Energy-Tech Ventures, Talcar Corp., Deep Insight

## Investors

- Magna International Inc. — Series A
- Magna Capital Partners (https://capitalatlas.ai/funds/magna-capital-partners) — Series A
- Novelis Inc — Series A
- Union Tech Ventures (https://capitalatlas.ai/funds/union-tech-ventures) — Series A, Series B
- Catalyst Fund (https://capitalatlas.ai/funds/catalyst-fund) — Series A, Series B
- Next Gear Ventures (https://capitalatlas.ai/funds/next-gear-ventures) — Series A, Series B
- JX Nippon Mining & Metals Corporation — Series A
- GiTV (https://capitalatlas.ai/funds/gitv) — Series A, Series B
- Bridges Israel (https://capitalatlas.ai/funds/bridges-israel) — Series A
- Delek Motors — Series A
- 8090 Industries (https://capitalatlas.ai/funds/8090-industries) — Series A, Series B
- Vasuki Tech Fund (https://capitalatlas.ai/funds/vasuki-tech-fund) — Series A
- Doral Energy-Tech Ventures (https://capitalatlas.ai/funds/doral-energy-tech-ventures) — Series A, Series B
- Talcar Corp. — Series A
- Deep Insight (https://capitalatlas.ai/funds/deep-insight) — Series A, Series B
- KCP Capital — Series B
- Delek Group Ltd. — Series B
- General Motors Ventures (https://capitalatlas.ai/funds/general-motors-ventures) — Series B
- Scania CV AB — Series B
- Iron Nation (https://capitalatlas.ai/funds/iron-nation) — Series B
- Susten — Series B