Taiwanese solid-state lithium ceramic battery developer ProLogium Technology has raised around $100 million in Series D financing from Chinese investors, reports China Money Network.a
ProLogium will use the money from BOCG (Bank of China Group) Investment and FAW First Automobile Works) Group to commercialise and scale-up manufacturing of its technology.
Previously, the firm had received investment from China venture capitalist firms SBCVC and dGav Capital.
Founded in 2006, the company expects to complete the test run of a 1GWh solid-state battery production line this year and start mass production of its technology next year.
ProLogium researches and develops lithium ceramic battery cells for smartphones and electric vehicles.
According to ProLogium Technology, its on-board solid-state battery pack has reached 190Wh/kg and 420Wh/L, and is expected to reach 270Wh/kg and 620Wh/L next year.