Hanwha Solutions secures 9.7% stake in US battery materials company
Ik-Hwan Kim
Mar 20, 2023 (Gmt+09:00)
Hanwha Solutions' Jincheon plant (Hankyung DB) Hanwha Solutions Corp., a South Korean company focused on energy services, petrochemicals and real estate development, recently acquired a 9.73% stake in Ampcera Inc., a US-based startup that develops solid-state battery materials.
As per Hanwha Solutions' business report filed with the Financial Supervisory Service's electronic disclosure system on Monday, the company participated in Ampcera's $15 million Series A funding round last December, aimed at expanding the production of solid-state battery materials.
Ampcera, based in Tucson, Arizona, specializes in producing sulfide-based solid electrolyte materials used in solid-state batteries. The technology used in solid-state batteries is an advanced feature that enhances safety and performance by replacing the electrolyte that transfers ions between the positive and negative electrodes from liquid to solid.
Hanwha Solutions noted at the time its appreciation for Ampcera's solid electrolyte material manufacturing technology.