Invest in solid power

Who invested in Solid Power?

Solid Power was initially funded by prominent investors including Hyundai, Volta Energy Technologies, Umicore, Sanoh, A123 Systems and Solvay. From the outside, Solid Power is an industry-leading developer of all-solid-state battery cells.

Why did BMW invest in solid power?

The investment positions Solid Power to produce full-scale automotive batteries, increase associated material output and expand in-house production capabilities for future vehicle integration. The BMW Group and Ford aim to utilize Solid Power's low-cost, high-energy all solid-state battery technology in forthcoming electric vehicles.

Is solid power a good stock to buy?

Solid Power is a much smaller company than Quantumscape, and its revenue is minimal at this point. Both stocks have a lot of upside potential, however, if solid-state technology begins to gain adoption. Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Volkswagen Ag.

What is solid power's development strategy?

Solid Power’s development strategy hinges on strategic collaborations with industry giants. The company has secured multi-year joint development agreements (JDAs) with BMW and Ford Motor Company (F), allowing these automakers to integrate its solid-state battery technology into their future EV platforms.

Are solid-state batteries a good investment?

If solid-state batteries are able to extinguish range anxiety, there will be plenty of upsides for shares of both Solid Power and QuantumScape. That's a big "if" though, so any investment should be considered completely speculative, even after today's positive gains.

What does solid power do?

Solid Power has demonstrated its ability to produce and scale next-generation all solid-state batteries that are designed to power longer range, lower cost and safer electric vehicles using existing lithium-ion battery manufacturing infrastructure.