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Liminal raises $17.5 million to scale EV battery production inspection systems
Liminal, a provider of battery manufacturing data and analytics, has announced a $17.5-million Series A2 funding round to scale its EchoStat inspection systems into factory-integrated solutions for global battery manufacturers, in partnership with climate tech fund ArcTern Ventures and other investors including battery cell manufacturer Northvolt.
“Our products help battery manufacturers hit their aggressive production volume and cost targets, while ensuring their cells meet stringent EV safety and performance requirements,” said Liminal CEO and co-founder Andrew Hsieh. “As we deploy our first factory-integrated solutions, we are excited to be joined by top-tier climate investors and one of the most promising global battery manufacturers.”
“Most battery innovation to date has focused on material science,” ArcTern Partner Mira Inbar said. “However, the industry needs a larger focus on process and manufacturing innovations to ensure both affordability and safety. Liminal is the only company that we see effectively bridging that critical gap.”
“Ensuring high-quality cells through cost-competitive technology innovation is what this investment is about,” said Northvolt CEO and co-founder Paolo Cerruti. “Northvolt’s participation in this round will contribute to the scale-up and industrialization of Liminal’s solutions by combining the unique skill sets of the two companies.”
Source: Liminal
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