Finance

Transportation Battery VC/Growth Investment Low & Shifting Away from Conventional Lithium-Ion TRANSPORTATION BATTERY INVESTMENTS BY SECTOR

TRANSPORTATION BATTERY INVESTMENTS BY STAGE Funding ($bn)

Funding ($bn)

VC/Growth investment in transportation batteries including EV chemistries and recycling, $1.5bn was down 73% from the 20212023 period $5.4bn/year). Investment is shifting to solid-state and silicon anode technology as VC investors shy away from conventional lithium-ion battery manufacturing after the collapse of Northvolt.

Source: Sightline Climate Distinguished Parter)

Both early-stage and late-stage funding have dropped 70% since 20212023, with the largest dollar-amount decrease in late-stage. Chinese battery dominance could be reducing VC investorsʼ appetite for both large late-stage rounds for battery manufacturing and early-stage rounds for battery innovation.

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