About Solid Power
Solid Power is a company based in Louisville (United States) founded in 2011.. Solid Power has raised $182.02 million across 11 funding rounds from investors including Hyundai Motor Company, Ford and Umicore. The company has 260 employees as of December 31, 2024. Solid Power operates in a competitive market with competitors including A123 Systems, QuantumScape, StoreDot, Lohum and Verkor, among others.
- Headquarter Louisville, United States
- Employees 260 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Solid Power, Inc.
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Annual Revenue
$20.14 M15.67as on Dec 31, 2024
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Net Profit
$-96.52 M-47.25as on Dec 31, 2024
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EBITDA
$-87.95 M-12.94as on Dec 31, 2024
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Total Equity Funding
$182.02 M (USD)
in 11 rounds
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Latest Funding Round
$50 M (USD), Grant
Jan 27, 2025
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Investors
Hyundai Motor Company
& 12 more
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Employee Count
260
as on Dec 31, 2024
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IPO & Listings of Solid Power
Solid Power is a publicly listed company on the NASDAQ with ticker symbol SLDP in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Solid Power
Solid Power has successfully raised a total of $182.02M across 11 strategic funding rounds. The most recent funding activity was a Grant round of $50 million completed in January 2025. 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 11
- Last Round Grant — $50.0M
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First Round
First Round
(21 Aug 2013)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Grant - Solid Power | Valuation |
investors |
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| Jan, 2023 | Amount | Grant - Solid Power | Valuation |
investors |
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| Oct, 2021 | Amount | Post-IPO - Solid Power | Valuation |
investors |
| 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 Solid Power
Solid Power has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Hyundai Motor Company, Ford and Umicore. 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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BMW i Ventures is focused on investing in automotive technology startups.
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Founded Year | Domain | Location | |
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Investment in energy storage technologies is facilitated by Volta.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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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 Solid Power
| 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 - Solid Power
| 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 |
Solid Power Comparisons
Competitors of Solid Power
Solid Power 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 A123 Systems, QuantumScape, StoreDot, Lohum and Verkor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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| domain | founded_year | HQ Location |
Fast-charging lithium batteries for electric vehicles are developed and manufactured.
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| domain | founded_year | HQ Location |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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| domain | founded_year | HQ Location |
Lithium-ion batteries are manufactured for electric vehicles and storage.
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| domain | founded_year | HQ Location |
Comprehensive solutions for electric vehicles and energy storage are provided.
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| 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 Solid Power
Frequently Asked Questions about Solid Power
When was Solid Power founded?
Solid Power was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Solid Power located?
Solid Power is headquartered in Louisville, United States. It is registered at Louisville, Kentucky, United States.
Is Solid Power a funded company?
Solid Power is a funded company, having raised a total of $182.02M across 11 funding rounds to date.
How many employees does Solid Power have?
As of Dec 31, 2024, the latest employee count at Solid Power is 260.
What is the annual revenue of Solid Power?
Annual revenue of Solid Power is $20.14M as on Dec 31, 2024.
What does Solid Power do?
Solid Power was founded in 2011 and is based in Louisville, United States. Focus is placed on developing solid-state lithium-ion batteries within the energy storage sector. These batteries incorporate a cathode and metallic lithium anode, separated by a solid electrolyte layer. Higher energy density and improved safety during operation are provided by the design. Operations involve research and production aimed at advancing battery technology for electric vehicles and other applications.
Who are the top competitors of Solid Power?
Solid Power's top competitors include Lohum, StoreDot and Contemporary Amperex Technology.
Is Solid Power publicly traded?
Yes, Solid Power is publicly traded on NASDAQ under the ticker symbol SLDP.
Who are Solid Power's investors?
Solid Power has 13 investors. Key investors include Hyundai Motor Company, Ford, Umicore, Hanon Systems, and A123 Systems.
What is Solid Power's ticker symbol?
The ticker symbol of Solid Power is SLDP on NASDAQ.
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