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Ford, BMW lead Solid Power’s $130M Series B round

A Solid Power manufacturing engineer holds two 20 ampere hour (Ah) all solid state battery cells for the BMW Group and Ford Motor Company. The 20 ampere hour (Ah) all solid state battery cells were produced on Solid Power’s Colorado-based pilot production line. Source: Solid Power.
Solid state battery systems have long been considered the next breakthrough in battery technology, with multiple startups vying to be the first to commercialization. Automakers have been some of the top investors in the technology, each of them seeking the edge that will make their electric vehicles safer, faster and with increased range.
Ford Motor …

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Sila Nanotechnologies raises $590M to fund battery materials factory

Sila Nanotechnologies, a Silicon Valley battery materials company, has spent years developing technology designed to pack more energy into a cell at a lower cost — an end game that has helped it lock in partnerships with Amperex Technology Limited as well as automakers BMW and Daimler.
Now, Sila Nano, flush with a fresh injection of capital that has pushed its valuation to $3.3 billion, is ready to bring its technology to the masses.
The company, which was founded nearly a decade ago, said Tuesday it has raised $590 million in a Series F funding round led by Coatue with significant participation by …

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BMW previews its next-gen iDrive infotainment system

At CES 2021, BMW today provided us with a first glimpse of the future of its iDrive system, twenty years after it first launched in the 2001 7 Series. Today’s announcement mostly focuses on the past, with a look back at the history of BMW’s infotainment platform, but the company did provide a bit more context and images of the new system that will make its official debut on the sizable displays in its upcoming iX soon.
Obviously, we’re looking at a refreshed and more colorful design here. Based on what we can glance from the materials that BMW did …

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