Axios, Ben Geman Feb 8

Ionic Materials has raised another $65 million to help the development and commercialization of its plastic solid-state battery tech, with funders including an alliance of auto giants Renault, Nissan and Mitsubishi and a relative newcomer Volta Energy Technologies.

Why it matters: Improvements in battery tech are a key piece of the puzzle to speeding deployment of electric vehicles, as well as stationary power storage that can help bring far more renewables onto the grid. But developing solid-state technology has been a challenge even as it offers the promise of more energy-rich batteries.

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