About Adden Energy
Adden Energy is a company based in Waltham (United States) founded in 2021 by William Fitzhugh. It operates as a Product-as-a-Service and Direct-to-Consumer (D2C). Adden Energy has raised $20.15 million across 4 funding rounds from investors including Harvard University, Primavera Capital Group and At One Ventures. Adden Energy offers products and services including Dynamically-Stable Battery and AI-Driven Mobility Solutions. Adden Energy operates in a competitive market with competitors including Ampcera, Safire Technology Group, Ionic Materials, Silatronix and Feon Energy, among others.
- Headquarter Waltham, United States
- Founders William Fitzhugh
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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- Legal Name Adden Energy, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$20.15 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series A
Aug 30, 2024
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Investors
Harvard University
& 5 more
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Employee Count
Not available
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Products & Services of Adden Energy
Adden Energy offers a comprehensive portfolio of products and services, including Dynamically-Stable Battery and AI-Driven Mobility Solutions.
Innovative battery technology is developed for electric vehicles.
AI solutions are provided for advanced mobility applications.
People of Adden Energy
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Leadership Team
2 people
Software Development Team
1 people
Co Team
1 people
Product Management Team
1 people
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Funding Insights of Adden Energy
Adden Energy has successfully raised a total of $20.15M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Adden Energy
Adden Energy has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Harvard University, Primavera Capital Group and At One Ventures.
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Private equity investments in China are managed by Primavera.
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Early-stage tech & life sciences focused VC firm investing in geographies such as the US
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Investor details for Adden Energy
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Investments & Acquisitions by Adden Energy
Investment portfolio details for Adden Energy
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Financial Statements - Adden Energy
Detailed financials for Adden Energy
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Adden Energy Comparisons
Peer comparison for Adden Energy
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Competitors of Adden Energy
Adden Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ampcera, Safire Technology Group, Ionic Materials, Silatronix and Feon Energy, among others.
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Solid-state electrolyte materials for lithium batteries are developed.
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Hybrid-state shear thickening battery safety technology is developed.
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Solid polymer electrolytes for solid-state batteries are developed.
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Nanostructured electrodes are developed for energy storage applications.
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Molecule-based liquid electrolytes for lithium batteries are developed.
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Detailed competitors of Adden Energy
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Latest news on Adden Energy
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Frequently Asked Questions about Adden Energy
Adden Energy was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Adden Energy is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
William Fitzhugh is the current CEO of Adden Energy. They have also founded this company.
Adden Energy is a funded company, having raised a total of $20.15M across 4 funding rounds to date.
Adden Energy is engaged in the development of dynamically-stable, self-healing battery technology primarily for electric vehicles. The companys innovations are rooted in discoveries made at Harvard, focusing on solid-state separators and advanced battery components. Solutions are extended to sectors like drones, data centers, and robotics. Emphasis is placed on safety with non-flammable materials, longer driving ranges, and rapid charging capabilities. The technology is aimed at surpassing traditional combustion engines and enabling AI-driven mobility applications.
Adden Energy's top competitors include Ampcera, Safire Technology Group and Ionic Materials.
Adden Energy offers Dynamically-Stable Battery and AI-Driven Mobility Solutions.
Adden Energy has 6 investors. Key investors include Harvard University, Primavera Capital Group, At One Ventures, Rhapsody Venture Partners, and MassVentures.