Stanford-Born EV Battery Innovator Bedrock Materials to Set Up R&D Headquarters in Chicago

Date:

Share post:

CHICAGO, IL – Bedrock Materials, an innovative startup emerging from Stanford University and focusing on electric vehicle (EV) battery technology, has announced the establishment of its research and development (R&D) headquarters in Chicago. Following a successful $9 million seed funding round, the company’s expansion reflects Illinois’ strategic emphasis on enhancing its EV ecosystem. This initiative is supported by the Illinois Department of Commerce and Economic Opportunity (DCEO), Intersect Illinois, and World Business Chicago.

Governor JB Pritzker expressed enthusiasm over Bedrock Materials’ decision to join Illinois’ growing EV sector, noting the potential for job creation and further innovation. Bedrock Materials specializes in sodium-ion battery (SIB) technologies, which are key to making EVs more affordable.

CEO Spencer Gore highlighted Chicago’s optimal mix of technical expertise, manufacturing capabilities, and a vibrant R&D community, including access to Argonne National Laboratory, as critical factors in choosing the location. Mayor Brandon Johnson also welcomed the company, emphasizing the city’s robust tech ecosystem and academic leadership as instrumental in attracting such pioneering companies.

Bedrock plans to start its operations at mHUB, Chicago’s renowned hardtech incubator, with an investment of $2.5 million and the addition of at least 25 new jobs. This move is part of a broader push by Illinois to lead in the clean energy transition, backed by significant investments in infrastructure and workforce training tailored for the future of the EV industry.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related articles

Greenfield, Iowa Tornado Kills Four, Injures 35 in Adair County

ADAIR COUNTY, Iowa - State officials announced late Wednesday evening four fatalities and at least 35 injuries...

Indianapolis, IN – Empty Boat Leads Neighbors to Discover Body in Lake

Indianapolis, IN - Neighbors discovered an empty boat on Northdale Lake Wednesday afternoon, leading to the tragic finding...

Tinley Park Police Investigate Armed Robbery at Woodspring Suites

Tinley Park, IL - Tinley Park police are investigating an armed robbery that took place at the Woodspring...

Iowa Tornado: Storm Chaser Killed as Tornado Devastates Greenfield

Greenfield, IA - An EF3 tornado wreaked havoc in Greenfield, Iowa on Tuesday, resulting in at least four...