Summary
- Liminal, a US-based battery inspection technology startup, has closed a $10 million investment round led by LG Technology Ventures
- The round included investment from Chailease Holdings and existing investors such as ArcTern Ventures, University of Tokyo Edge Capital Partners, and others
- Liminal previously raised $8 million in Series A funding in 2022 and $17.5 million in an A2 round last year
- The company’s quality control systems use ultrasound inspection and data science to accelerate production ramp-up and reduce costs
- Liminal has deployed its product in a European gigafactory, has an active pilot with an Asian battery cell manufacturer, and will deploy with a US-based automotive OEM
Article
Liminal, a US-based battery inspection technology startup, recently closed a $10-million strategic investment round led by LG Technology Ventures, the venture capital arm of South Korean conglomerate LG Group. The round also included new investment from Taiwanese firm Chailease Holdings, as well as participation by current investors such as ArcTern Ventures, University of Tokyo Edge Capital Partners, Good Growth Capital, Chrysalix Ventures, and Ecosystem Integrity Fund. Liminal had previously raised $8 million in Series A funding in 2022 and $17.5 million in an A2 round last year.
The company’s quality control systems utilize ultrasound inspection and physics-informed data science to provide insights to battery cell manufacturers, allowing them to accelerate production ramp-up, improve quality, reduce scrap, and lower costs. Liminal has already 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. This funding will enable Liminal to more rapidly deploy its quality control solutions with more customers and into more production lines.
Andrew Hsieh, co-founder and CEO of Liminal, stated that the funding will allow the company to expand its reach and deploy its quality control solutions with more customers and production lines. Robert McIntyre, Managing Director at LG Technology Ventures, commented that their investment in Liminal stems from the company’s potential to drive industry advancements. He highlighted the challenges faced by manufacturers in scaling battery production for electric vehicles and the critical need to address battery quality—a challenge where Liminal has demonstrated success.
The investment from LG Technology Ventures, Chailease Holdings, and other investors signifies confidence in Liminal’s technology and its ability to make a significant impact in the battery production industry. With the growing demand for electric vehicles and the need for high-quality battery cells, Liminal’s ultrasound inspection and data science-driven solutions are poised to play a crucial role in enhancing production efficiency and reducing costs. The company’s successful deployments and partnerships with major players in the industry demonstrate its potential to revolutionize quality control in the battery manufacturing sector.
As Liminal continues to expand its customer base and deploy its quality control solutions in more production lines, the company is well-positioned to drive innovation and efficiency in the battery industry. By leveraging ultrasound inspection technology and advanced data science, Liminal is not only addressing the pressing need for improved battery quality but also helping manufacturers streamline their production processes and reduce waste. The partnerships and investments secured by Liminal underscore the industry’s recognition of the company’s potential to lead advancements in battery inspection technology and drive positive change in the EV market.
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