SOLiTHOR closes a €10m seed investment round

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SOLiTHOR, a spin-off company from imec and a developer of solid-state lithium (Li) battery cell technology, has raised €10m in a seed investment round led by imec.xpand.

The money raised will be used to develop the technology required to enable further electrification of the transport industry with solutions that look to address issues such as autonomy, performance, longevity and safety.

Solid-state batteries intend to bring the performance of classical battery systems to the next level in terms of energy density, charging speed, weight and volume.

Commenting Huw Hampson-Jones, Founder and CEO of SOLiTHOR, said, “SOLiTHOR’s technology is unique and is based on breakthrough chemistry and components– the nano-Solid Composite Electrolyte and the nano-anode, spearheaded within the EnergyVille labs and patented by imec. This revolutionary technology will improve energy density, charging speeds and crucially, increase safety and will be far easier to manufacture than other solid-state batteries. The Research and Development programme will be led by Founder and Chief Technology Officer, Dr Fanny Bardé, a seasoned expert in battery technology, together with imec’s R&D teams.”

“Imec.xpand helps to create innovative technological companies that have the potential to become global players by disrupting the domain they are active in. SOLiTHOR is a perfect example of an ambitious company in a domain of strategic importance for the region and the continent,” said Peter Vanbekbergen, partner at imec.xpand.