Lifeboat Foundation

Several automakers interested in electric vehicles are turning to solid-state batteries for next-gen electric cars in the “post Li-ion era.”

Now a startup developing all solid-state batteries (ASSB) secured backing from several high-profile investors, including several automakers, as it claims a breakthrough for the technology that will enable better electric cars.

Solid Power is a Colorado-based startup that spun out of a battery research program at the University of Colorado Boulder.