Solid Power

Develops all-solid-state battery cells for EVs

Louisville, Kentucky, United States

About Solid Power

Solid Power develops and produces all-solid-state battery cells aimed at enhancing the performance of electric vehicles (EVs). These batteries utilize sulfide-based solid electrolytes, which allow for efficient ion movement and easy manufacturing, resulting in batteries that are safer, longer-lasting, and more cost-effective than traditional options. Solid Power's technology leads to reduced battery size and weight while increasing the range of EVs on a single charge. The company distinguishes itself from competitors by focusing on the unique properties of its solid electrolytes, which are compatible with standard manufacturing processes. Solid Power's goal is to support the automotive industry, partnering with major clients like BMW and Ford, and to contribute to the advancement of energy storage solutions for a sustainable future.

Louisville, KentuckyHeadquarters
2011Year Founded
$338.3MTotal Funding
IPOCompany Stage
Automotive & Transportation, EnergyIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Holidays
Company Equity

Risks

Competition from QuantumScape threatens Solid Power's market position.
Economical and scalable manufacturing of solid-state batteries remains a challenge.
Dependency on partnerships like SK Innovation exposes Solid Power to potential risks.

Differentiation

Solid Power uses sulfide-based solid electrolytes for superior conductivity and processability.
Their batteries are safer, non-flammable, and have higher energy density than traditional ones.
Partnerships with BMW and Ford highlight Solid Power's industry credibility and market reach.

Upsides

$50 million funding from the U.S. Department of Energy boosts production capabilities.
Partnership with SK On expands market opportunities in South Korea and Asia.
'Buy' rating from Needham & Company LLC indicates strong market confidence.

Funding

Total raised$338.27 M
Latest valuation$1.20 B
StageIPO
$130
$650.00 M
DEBT
12/31/2020
$5
$20
$100.00 M
SEED
1/31/2018
$4
$17.50 M
EARLY VC
7/31/2017
$4
$17.50 M