Intecells Inc., a provider of scalable, solid state, low-cost lithium ion battery manufacturing technology in West Bloomfield Township, has secured Series A funding led by Walden International (WI) along with its partner, Plasmatreat GmbH, a German atmospheric plasma technology company.
The new funding will accelerate the company’s growth and accelerate its product development aimed at reducing battery cost and improving battery performance for all forms of batteries.
WI partner Weber Jin and Hing Wong, WI’s managing director, say they are planning to work very closely with the Intecell CEO Xiaohong Gayden to build a global enterprise to impact the future of battery manufacturing. Intecells leverages the expertise of Plasmatreat to develop cold plasma technology for battery manufacturing.
“Intecells is offering a new path toward a low-cost battery manufacturing globally, while helping to catalyze domestic battery industry,” says Gayden. “Intecells will focus on developing integrated solutions for the whole battery value chain. Leveraging Walden’s network will enable the company to achieve initial commercial success sooner. Having access to the engineering talent at Plasmatreat further shortens the product development cycle to better serve our customers.”
WI’s Wong says, “Given the rapid global growth of the electric vehicle industry, longer battery life and high performance are critical. Intecells’ new battery solutions are equipped to address this challenge.”
Christian Buske, CEO and managing partner of Plasmatreat, says he looks forward to partnering with Intecells, which was founded in 2017.
“We want to break free from the constraints of conventional battery design and existing production processes to develop a technology that significantly increase battery performance and make production more efficient,” Buske says. “New battery technologies are not only of vital importance to the rapidly growing field of electro-mobility, they would also optimize countless applications in the consumer electronics sector, or even make them feasible in the first place.”