Solid Power DCRC+ Financial Overview
History of Success
Compelling
Market Opportunity
Inception
Founded in 2012 by Doug
Campbell, Conrad Stoldt, and
Sehee Lee, spun out from the
University of Colorado Boulder
with funding from DARPA
Contract Secured
Won $2.9mm contract with the
Air Force for the development of
battery technology for the
Intercontinental Ballistic Missile
1st Development
Agreement Signed
Development of 1 Ah cell,
>250 Wh/kg with BMW
MW
2012
2013
2014
2015
2016
OAK
RIDGE
2017
Series A Funding
Announced closing of first round
of equity-based financing in
September of 2018, providing
validation and capital from world-
class partners. Until this point,
the company had not raised any
equity-based financing
Ford
HYUNDAI
CRADLE
2018
Tangible Progress...
Delivery and validation of 0.2 Ah cells by OEMs in the
second half of 2019
SANOh
SYSTEMS
2019
2020
...and Rapid Innovation
Delivery and validation of 2Ah cell by OEMs in
the second half of 2020
Produced 320 Wh / kg 20 Ah cells on production
equipment, outperforming commercially
available lithium-ion energy densities
2021
+VOLTA SAMSUNG
ENERCY TECHNOLOGIES
S
SOLVAY
A123
asking more from chemistry"
arpa.e
ARPA-E Funding
Solid Power and its subcontracting
partners receive $4.5mm grant
from ARPA-E
Client company of Innosphere
Ventures
National Laboratory
Exclusive licensing
The Department of Energy's Oak
Ridge National Laboratory and
Solid Power sign exclusive
agreement licensing lithium-
sulfur materials
OEM Buy In
In December of 2017, announced
partnership with the BMW Group
to jointly develop Solid Power's
solid-state batteries for EV
applications, specifically high
performance EVS
Long-term
Partnership
Secured with Solvay Ventures
Pilot Production Line
Continuous process becomes
operational in early 2020
Poised for the Future
Announced Series B funding and
Joint Development Agreements
with OEM partners
The BMW Group and Ford Motor
Company aim to utilize Solid
Power's low-cost, high-energy
all-solid-state battery technology
in forthcoming electric vehicles
Ford
Technological Advancements
Began Full-Force Development of
Sulfide-Based Solid Electrolytes
Electrolyte Operates Safely at
Temperatures of ~150 °C
Developed the
22-Layer Cell
Solid Power DCRC+
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