Brightvolt Solid State Batteries, a global market leader in the design, development, and manufacturing of solid-state lithium-ion batteries, raised USD 16 million in a Series B financing round. The funding was led by New Science Ventures and Caterpillar Venture Capital Inc. The company will target the industrial electrification and e-mobility markets with the use of the raised funds.
Imprint Energy, Inc., a renowned market leader in flexible, rechargeable battery development, announced that the company has successfully secured a new investment of approximately USD 5 million. Investors included Semtech (Imprint's technology partner), the u.life fund, and Phoenix Venture Partners. The fresh funds will be used to advance the development of ultrathin flexible batteries.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 4204
Published Date: Jul 28, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing adoption of Internet of Things (IoT) based devices and the growing sales of smartwatches are the major factors driving the growth of the market.
The market size of thin film batteries is anticipated to attain a CAGR of 25% over the forecast period, i.e., 2023 ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“ 2035.
The major players in the market are Enfucell Oy, STMicroelectronics International N.V., LG Chem, Ltd., Cymbet Corporation, Imprint Energy Inc, Jenax Inc., Samsung SDI Co., Ltd., Excellatron Solid State, LLC, and others.
The rechargeable segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.