' Solivis ', an all-solid-state material specialist company with solid electrolyte source technology and mass production process technology, announced on the 12th that it had attracted a bridge investment of 12.4 billion won. This investment attraction is for the construction and operating funds of a solid electrolyte mass production plant located in Hoengseong, Gangwon-do, and through this, Solivis has surpassed a cumulative investment of 40 billion won.
Solibis explained that this bridge investment attraction was led by existing shareholders and investment companies, and that the SMEs and Startups Agency highly evaluated Solibis’ global growth potential and participated as a new investor. With this, Solibis has attracted a total of 42.2 billion won in investment since its establishment in 2020.
Solibis evaluated the achievement of raising a large amount of funds of 42.2 billion won as a manufacturing startup in the difficult domestic investment environment as encouraging, and said that after attracting 20 billion won in Series B investment in February of last year, it was focusing on establishing a mass production plant and that it had proven its market-leading ability by announcing four mass-production models of all-solid-state materials. Such achievements are analyzed as the main factors that led to the support and participation of existing shareholders.
Through the bridge investment, Solibis plans to focus all its efforts on the installation of mass production facilities and preparation for mass production at the Hoengseong Plant in Gangwon Province, which is scheduled for completion in the second quarter of this year. The solid electrolyte developed by Solibis is a world-class solid electrolyte that applied the ‘3rd generation wet synthesis mass production platform’ developed in-house with an investment of approximately 10 billion won in research and development, and has the characteristics of high ionic conductivity and rapid particle size and distribution adjustment according to the customer’s request.
The Solvis Hoengseong plant is a large-scale solid electrolyte mass production plant currently under construction with an initial investment of approximately KRW 21 billion. Upon completion, it is expected to secure an annual production capacity (CAPA) of 40 tons. The plant consists of three buildings: a factory building, a warehouse building, and an office building.
In addition, Solibis was selected as an 'Innovative Technology Small and Medium Business (Inno-Biz)' by the Ministry of SMEs and Startups in July of last year in recognition of its technological prowess and innovation, and in November, it was designated as a 'Leading Technology Protection Company' by the Korea Agricultural and Fisheries Cooperation Foundation.
CEO Shin Dong-wook said, “I would like to express my gratitude to shareholders who have recognized and supported Solivis’ market leadership,” and added, “We will complete the Hoengseong plant in the second quarter and begin trial production for mass production as soon as the completion procedures are complete.” He continued, “We will establish ourselves as a key company leading the global solid-state battery market.”
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