Adden Energy Develops Innovative Battery
Harvard-backed startup Adden Energy develops a battery chargeable in 3 minutes and lasts for 20 years.
Adden energy has developed an innovative battery that could be charged in 3 minutes and last more than 20 years. The startup is backed by Harvard university and founded by Harvard scientists. It was founded in 2021.
According to the media reports the startup received $5.15 million funding to commercialise their batteries. The Battery technology got a license from Harvard’s Office of Technology Development, and the funding was led by Primavera Capital Group, where the participants were Rhapsody Venture Partners and Mass Ventures.
The media report says that it has a service life of more than 10,000 cycles. The prototype also has a high energy density and material stability that overcomes the safety problems of some other lithium batteries.
