Emeryville, Calif. (October 15, 2024) — Liminal, a leading battery manufacturing intelligence company with a mission to accelerate the global adoption of electric vehicles and clean energy, announced today that it has closed a $10M strategic investment round catalyzed by LG Technology Ventures, the venture capital arm of the LG Group. The round also included new support from Chailease Holdings as well as participation by current investors including ArcTern Ventures, University of Tokyo Edge Capital Partners, Good Growth Capital, Chrysalix Ventures, and Ecosystem Integrity Fund.
“LG Technology Ventures is committed to investing in companies we believe have the power to move industries forward,” said Robert McIntyre, Managing Director at LG Technology Ventures. “The current state of the EV market and the challenges manufacturers are having in scaling battery production demonstrates the pressing need to solve for battery quality—an area where Liminal has demonstrated success.”
Liminal’s quality control solutions use ultrasound inspection and physics-informed data science to deliver powerful insights to battery cell manufacturers to accelerate production ramp-up, improve quality, and reduce scrap and costs. The company deployed its in-line inspection product in a European gigafactory late last year, has an active pilot with a major Asian battery cell manufacturer, and will be deploying with a US-based automotive OEM in the coming weeks.
“We’re thrilled to have the support of a leading corporate investor known for facilitating strategic relationships between its portfolio companies and LG companies,” said Andrew Hsieh, co-founder and CEO of Liminal. “We are also grateful for the continued support from our existing investor base. This funding will enable us to more rapidly deploy our quality control solutions with more customers and into more production lines.”
About Liminal
Liminal is a battery manufacturing intelligence company that combines ultrasound with machine learning to deliver advanced insights that empower manufacturers. By improving the quality and safety of batteries and decreasing their lifetime costs, Liminal’s solutions address the climate crisis and increase scalability for battery manufacturers to create a world where EVs are accessible to all drivers. Liminal was founded in 2015 by top technologists from Princeton University, who were part of the Activate fellowship program. Liminal’s investors include Arctern Ventures, Chrysalix Venture Capital, Ecosystem Integrity Fund, Good Growth Capital, Helios Climate Ventures, Impact Science Ventures, Northvolt, University of Tokyo Edge Capital Partners, and Volta Energy Technologies. Visit liminalinsights.com for more information.
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