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Ultium Cells
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Manufacturer of battery cells

Founded in 2020
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector energy storage

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters United States United States
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Updated by Cleantech Group on 12/19/2022

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Date Partner Type
05/23/2024
Redwood Materials Redwood Materials
Joint battery manufacturing venture between GM and LG Energy Solution, to recycle cathode, anode and cell scrap from both their Warren, Ohio and Spring Hill, Tennessee facilities.
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Confirmed by Redwood Materials
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IPO INFORMATION

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Description

Date Investors Type Amount
12/12/2022 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Loans Program Office offers $2.5 billion loan to help finance the construction of new lithium ion battery cell manufacturing facilities in Tennessee and Michigan.
Grant $2,500,000,000
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