Liminal has secured $17.5 million in a Series A2 funding round, led by ArcTern Ventures and featuring new investors Northvolt and Ecosystem Integrity Fund. The round also saw continued support from Chrysalix Venture Capital, Good Growth Capital, University of Tokyo Edge Capital Partners, Volta Energy Technologies, Impact Science Ventures, and Helios Climate Ventures.
The funding will be used to expand Liminal’s EchoStat® inspection systems into integrated solutions for global battery manufacturers, capitalizing on the increasing demand for safe, reliable, and cost-effective EV batteries.
“Our mission is to catalyze a clean energy future in which EVs are the default option for everyone,” said Liminal CEO and Co-Founder, Andrew Hsieh. “Our products help battery manufacturers hit their aggressive production volume and cost targets, while ensuring their cells meet stringent EV safety and performance requirements. As we deploy our first factory-integrated solutions, we are excited to be joined by top tier climate investors and one of the most promising global battery manufacturers. This syndicate demonstrates significant and accelerating progress towards our goal of facilitating a clean energy future.”
Mira Inbar, a recipient of the U.S. Department of Energy C3E award and partner at ArcTern, has been appointed to Liminal’s Board of Directors. Inbar brings over two decades of experience in the clean energy sector, having scaled a battery manufacturing company while at Dow Kokam, a joint venture between Dow Chemical and battery cell manufacturing. Inbar believes that Liminal is the only company effectively addressing the critical gap between material science and process and manufacturing innovations in the battery industry, which she says is crucial for affordability and safety.
In 2022, Liminal launched the EchoStat platform, an in-line, high-speed ultrasound inspection solution designed specifically for EV-grade batteries. The platform offers battery cell manufacturers and automotive OEMs new insights and reduces time to market. Liminal’s funding round, which includes investment from Northvolt, a leading European supplier of high-quality battery cells and systems, will support product industrialization and manufacturing, significant team growth, and international expansion. Liminal is currently hiring for a variety of positions across its commercial, engineering, operations, and administrative teams. More information about career opportunities can be found on Liminal’s Careers page.
