UK’s Addionics, building giga-factory in US, raises £30m

Quick Summary:

Addionics, a global leader in battery technology, has raised £30 million in Series B funding.

The round was co-led by GM Ventures and Deep Insight, with participation from Scania, along with new and returning strategic investors.

We are eager to support the company’s growth and look forward to continuing to explore opportunities to collaborate in the future.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United Kingdom

Topics: Investment Transport Manufacturing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 14:42:43 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 304 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 21776428

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Official Website: businesscloud.co.uk

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Year Established: 2016

Headquarters: United Kingdom

News Last Updated: 16 hours ago

Coverage Areas: United Kingdom

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