Image: Solithor

Imec spin-off SOLiTHOR clos­es 10 mil­lion euro seed cap­i­tal round

SOLiTHOR, the new­ly estab­lished spin-off com­pa­ny of imec — part­ner in Europe’s lead­ing ener­gy R&D inno­va­tion cen­ter, Ener­gyVille — is at the fore­front of devel­op­ing, man­u­fac­tur­ing and com­mer­cial­iz­ing an inno­v­a­tive sol­id-state lithi­um (Li) bat­tery cell tech­nol­o­gy to pro­vide reli­able and eco­nom­i­cal high ener­gy stor­age solu­tions. SOLiTHOR raised €10 mil­lion in a seed invest­ment round led by imec.xpand and sup­port­ed by a strong con­sor­tium of investors, includ­ing LRM, Nuh­ma and FPIM. Pro­ceeds will be used to devel­op the tech­nol­o­gy need­ed to fur­ther elec­tri­fy our trans­porta­tion indus­try with solu­tions that address cur­rent issues relat­ed to auton­o­my, per­for­mance, dura­bil­i­ty and safety.

Sol­id-state bat­ter­ies are expect­ed to take the per­for­mance of tra­di­tion­al bat­tery sys­tems to the next lev­el in terms of ener­gy den­si­ty, charg­ing speed, weight and vol­ume. Imec has been invest­ing in new tech­nolo­gies for 10 years to fur­ther increase the per­for­mance of sol­id-state bat­ter­ies, propos­ing com­po­nents that enable an assem­bly process more com­pat­i­ble with tra­di­tion­al assem­bly lines for Li-ion batteries.

Huw Hamp­son-Jones, founder and CEO of SOLiTHOR, said, “SOLiTHOR’s tech­nol­o­gy is unique and based on break­through chem­istry and com­po­nents — the Nano-Sol­id Com­pos­ite Elec­trolyte and Nano-Anode devel­oped in Ener­gyVille labs and patent­ed by imec. This rev­o­lu­tion­ary tech­nol­o­gy will improve ener­gy den­si­ty, charg­ing speeds and, most impor­tant­ly, safe­ty, and will be much eas­i­er to man­u­fac­ture than oth­er sol­id-state bat­ter­ies. The research and devel­op­ment pro­gram is led by founder and Chief Tech­nol­o­gy Offi­cer, Dr. Fan­ny Bardé, an expe­ri­enced bat­tery tech­nol­o­gy expert, togeth­er with imec’s research and devel­op­ment teams

“We are excit­ed that SOLiTHOR is bring­ing some of our most promis­ing tech­nolo­gies to mar­ket. We believe that SOLiTHOR is on track to unlock the great poten­tial of this tech­nol­o­gy for soci­ety: con­tribut­ing to the reduc­tion of our car­bon foot­print through fur­ther elec­tri­fi­ca­tion of our trans­port and con­tribut­ing to Europe’s strate­gic posi­tion­ing and inde­pen­dence in the ener­gy sec­tor. SOLiTHOR will have an impact on our local econ­o­my as the com­pa­ny is expect­ed to estab­lish man­u­fac­tur­ing oper­a­tions to serve its cus­tomers world­wide,” said Olivi­er Rousseaux, Direc­tor Ven­ture Devel­op­ment at imec.

“Imec.xpand helps cre­ate inno­v­a­tive tech­nol­o­gy com­pa­nies that have the poten­tial to become glob­al play­ers by trans­form­ing the field in which they oper­ate. SOLiTHOR is a per­fect exam­ple of an ambi­tious com­pa­ny in an area of strate­gic impor­tance for the region and the con­ti­nent,” says Peter Van­bek­ber­gen, Part­ner at imec.xpand.

SOLiTHOR aims to become the world leader in sol­id-state bat­tery tech­nol­o­gy. The com­pa­ny aims to become a major play­er in the Euro­pean bat­tery val­ue chain and make an impor­tant con­tri­bu­tion to Euro­pean exports by sup­ply­ing glob­al mar­kets and decar­boniz­ing society.