Sidley represented BMW Group, a lead investor along with Ford Motor Company and Volta Energy Technologies, on its investment in the US$130 million Series B financing of Solid Power, a producer of all solid-state batteries for electric vehicles. In connection with the financing, BMW Group also expanded its existing joint development agreements with Solid Power to secure all solid-state batteries for future electric vehicles.
The Sidley team was led by partner Andrew Harper (Emerging Companies and Venture Capital, Palo Alto and San Francisco), and included partners Glenn Nash (Technology and IP Transactions, Palo Alto), Jen Fernandez and James Mendenhall (Global Arbitration, Trade and Advocacy, Washington, D.C.), and associates Nick DeAngelis (Emerging Companies and Venture Capital, Dallas and Palo Alto), Shaika Ahmed (Emerging Companies and Venture Capital, Palo Alto), and Rachelle Soderstrom (Technology and IP Transactions, San Francisco).
Additional details may be found in the press release.