BMW is part of a $130m investment round that will see production solid state batteries for electric cars next year.
The round, with Ford and Volta Energy Technologies, is the second major round for Solid Power in Colorado. Solid Power is already producing a 20Ah solid state lithium ion battery cell on a high volume roll-to-roll pilot line with industry standard equipment from its Series A round of funding. This Series B round investment will expand the line for full production.
"Solid Power now plans to begin producing automotive-scale batteries on the company's pilot production line in early 2022 as a result of our partners' continued commitment to Solid Power's commercialization efforts," said Doug Campbell, CEO and co-founder of Solid Power. "BMW and Ford now share leading positions in the race for all solid-state battery-powered electric vehicles."
The 20Ah cells were validated by both the BMW Group and Ford late last year and both will receive full-scale 100 Ah cells for automotive qualification testing and vehicle integration beginning in 2022.
"Solid-state battery technology is important to the future of electric vehicles, and that's why we're investing directly," said Ted Miller, Ford's manager of Electrification Subsystems and Power Supply Research. "By simplifying the design of solid-state versus lithium-ion batteries, we'll be able to increase vehicle range, improve interior space and cargo volume, deliver lower costs and better value for customers and more efficiently integrate this kind of solid-state battery cell technology into existing lithium-ion cell production processes."
"Being a leader in advanced battery technology is of the utmost importance for BMW. The development of all solid-state batteries is one of the most promising and important steps towards more efficient, sustainable, and safer electric vehicles. We now have taken our next step on this path with Solid Power," said Frank Weber, Member of the Board of Management BMW AG, Development. "Together we have developed a 20 Ah all solid-state cell