Solid Power and Ford Motor Company have partnered to develop all solid-state batteries (ASSB) further develop ASSBs toward automotive requirements. This partnership will utilize Solid Power’s first fully automated, roll-to-roll production facility, which is anticipated to be fully operational in Q2 2019.
This follows Solid Power’s announcement in September of 2018 that it closed $20 million in a Series A investment round. Ford Motor Company participated in a subsequent closing of that round, which included investors Volta Energy Technologies, Hyundai CRADLE, Samsung Venture Investment Corp., Sanoh Industrial Co., Solvay Ventures, and A123 Systems. In December of 2017, Solid Power announced its partnership with the BMW Group to jointly develop Solid Power’s solid-state batteries for electric vehicle applications and to tailor Solid Power’s technology toward automotive requirements for high-performance electric vehicles.