Categories: Industry

EV battery inspection startup Liminal raises $17.5 million

Startup Liminal, which makes battery inspection methods for the manufacturing course of, raised $17.5 million in its collection A2 funding spherical, the corporate stated Monday.

The Emeryville, Calif., firm will use the funding to scale manufacturing of its EchoStat inspection system, which it payments as an automatic factory-integrated system for testing the efficiency of EV batteries.

“Our merchandise assist battery producers hit their aggressive manufacturing quantity and price targets whereas guaranteeing their cells meet stringent EV security and efficiency necessities,” stated Liminal CEO and co-founder Andrew Hsieh.

ArcTern Ventures, a climate-focused enterprise capital fund based mostly in Toronto, led the funding spherical. Liminal added two new traders in Northvolt, a Swedish battery developer and producer, and the Ecosystem Integrity Fund.

Current traders Chrysalix Enterprise Capital, Good Development Capital, College of Tokyo Edge Capital Companions, Volta Power Applied sciences, Influence Science Ventures and Helios Local weather Ventures additionally contributed to this spherical.

“Northvolt is probably the most promising world battery producer, and we’re excited to have them be a part of our syndicate,” Hsieh advised Automotive Information. “Their assist and experience will speed up our industrialization efforts, enabling us to rapidly be capable to serve the broader battery and EV manufacturing business.”

Northvolt will work with Liminal to scale and industrialize its inspection methods, stated Northvolt COO and co-founder Paolo Cerruti.

“After efficiently evaluating Liminal’s options at Northvolt Ett, our first high-volume manufacturing facility, we’ve got expanded our relationship to grow to be traders to speed up the corporate’s future improvements,” Cerruti stated.

ArcTern Accomplice Mira Inbar will be a part of Liminal’s board of administrators. Inbar beforehand labored at Dow Kokam, Dow Chemical’s three way partnership for battery cell manufacturing. She targeted on growing the corporate’s battery manufacturing.

“Most battery innovation so far has targeted on materials science,” Inbar stated. “Nevertheless, the business wants a bigger deal with course of and manufacturing improvements to make sure each affordability and security. Liminal is the one firm that we see successfully bridging that essential hole.”

админ

Share
Published by
админ

Recent Posts

Quick Charge Podcast: June 24, 2023

Take heed to a recap of the highest tales of the day from Electrek. Fast…

3 hours ago

Toyota’s next-gen GT3 race car spawning road car, targeting 2026 WEC debut

Toyota's next-generation GT3 race automobile will make its competitors debut in 2026 within the FIA…

3 hours ago

Muffler Showdown! What’s the Best Muffler for Your Engine? | Engine Masters | MotorTrend

Need to add a muffler to your engine's exhaust? Discover out what kind of muffler…

5 hours ago

Automotive News Europe salutes Fiona Coulter

Automotive Information Europe honors the winners of the 2023 Rising Stars awards. We'll showcase a…

8 hours ago

Ferrari 812 Superfast Thrashed By Houston Storm Debris

Ferrari 812 Superfast Thrashed By Houston Storm Particles | Carscoops A Ferrari was within the…

8 hours ago

GM service tech training program grows

With dealership service technicians briefly provide, Basic Motors says it is seeing some enchancment towards…

11 hours ago