About Addionics
Addionics is a company based in Tel Aviv (Israel) founded in 2017 by Farid Tariq, Vladimir Yufit, and Moshiel Biton.. Addionics has raised $69.5 million across 7 funding rounds from investors including Magna International, Scania and European Union. Addionics offers products and services including 3D Cathode Current Collector, 3D Anode Current Collector, and Battery Cell Modeling Platform.
- Headquarter Tel Aviv, Israel
- Founders Farid Tariq, Vladimir Yufit, Moshiel Biton
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Sectors
Energy & UtilitiesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Addionics Il Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$69.5 M (USD)
in 7 rounds
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Latest Funding Round
$39 M (USD), Series B
Jul 25, 2024
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Investors
Magna International
& 18 more
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Employee Count
Employee Count
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Products & Services of Addionics
Addionics offers a comprehensive portfolio of products and services, including 3D Cathode Current Collector, 3D Anode Current Collector, and Battery Cell Modeling Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enhances battery energy density and reduces costs for EV applications.
Improves charging speed and safety in next-generation batteries.
Optimizes battery structures for performance and efficiency.
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Funding Insights of Addionics
Addionics has successfully raised a total of $69.5M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $39 million completed in July 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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $39.0M
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First Round
First Round
(01 Aug 2019)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series B - Addionics | Valuation | GM Ventures , Deep Insight | |
| Jun, 2022 | Amount | Grant - Addionics | Valuation |
investors |
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| Dec, 2021 | Amount | Series A - Addionics | Valuation | Delek Motors , unknown |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Addionics
Addionics has secured backing from 19 investors, including venture fund and institutional investors. Prominent investors backing the company include Magna International, Scania and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided by General Motors-backed firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Addionics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Addionics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Addionics Comparisons
Competitors of Addionics
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Addionics
Frequently Asked Questions about Addionics
When was Addionics founded?
Addionics was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Addionics located?
Addionics is headquartered in Tel Aviv, Israel.
Who is the current CEO of Addionics?
Moshiel Biton is the current CEO of Addionics. They have also founded this company.
Is Addionics a funded company?
Addionics is a funded company, having raised a total of $69.5M across 7 funding rounds to date. The company's 1st funding round was a Series A of $27M, raised on Aug 01, 2019.
What does Addionics do?
Founded in 2017 in Tel Aviv, Israel, 3D architecture for rechargeable batteries is provided to address internal resistance issues. Charging times are reduced by half through this approach, while range at high speeds is extended. The technology is tailored for electric vehicle applications within the energy storage sector. Core operations involve engineering advanced electrode structures to enhance battery performance and efficiency.
What products or services does Addionics offer?
Addionics offers 3D Cathode Current Collector, 3D Anode Current Collector, and Battery Cell Modeling Platform.
Who are Addionics's investors?
Addionics has 19 investors. Key investors include Magna International, Scania, European Union, Delek Motors, and Novelis.