GDI, the US-based silicon anode specialist for lithium-ion batteries, has secured $11,5 million series A funding for leveraging the test production of new, 100 % silicon anodes and for reinforcing the supply chains both in Europe and in the USA.
The financing round includes the Colorado-based VC company Helios Climate Ventures LLC, the New York based venture capital firm Impact NY, and InnoEnergy, the EU energy transition investment company, matched with co-financing in the form of a market-based convertible loan from the Dutch Province of Groningen.
The link to Groningen is explained by the fact that GDI has launched pilot production in the Netherlands, delivering 300kWh capacity and positioning itself to be a global leader in 100% silicon anode manufacturing. The project is lead from the GDI European headquarters in Groningen.
GDI is collaborating with AGC Plasma Technology Solutions to develop efficient, high-throughput roll-to-roll coaters. Schlenk SE, a leading global foil manufacturer, will supply the copper alloy substrate essential for GDI’s anodes.
Rob Anstey, Founder and CEO of GDI said: “The future of lithium-ion anodes is silicon. We’re advancing more than battery technology, since batteries affect every area of our lives from consumer electronics, medical devices, defence, to electric mobility. We’re building resilience, improving prosperity, national security, and leading to a sustainable energy future.”
Josh Grehan, Partner at Helios Climate Ventures commented: “GDI’s scalable, domestic, 100% silicon anode solution aligns perfectly with our mission to drive both climate impact and financial return. Their ability to offer a better battery, without increasing costs is a game changer.”
“GDI’s silicon anode technology doesn’t just improve battery performance, it addresses Europe’s strategic battery needs,” said Jacob Ruiter, CEO Benelux of InnoEnergy. ” They help to accelerate a cleaner, more resilient energy system across both sides of the Atlantic.”
Image: Silicon anode material. Credit: GDI
