Addionics appoints Boaz Mamo as VP of Business Development

Next-gen battery provider Addionics has announced that it has appointed Boaz Mamo, founder of the EcoMotion Community, as its new VP of Business Development. In the new position, Mamo will work to expand joint ventures between the company and international automakers and energy storage companies to enhance the performance of e-vehicle batteries.

“Boaz is one of the true pioneers of the Smart Mobility community in Israel and he brings with him a rich variety of know-how and experience from two worlds – entrepreneurship and mobility,” said Dr. Moshiel Biton, CEO and co-founder of Addionics. “The current trend of rising coal, fuel and electricity prices, coupled with supply chain failures, and the need to supply clean energy to the mass to support the global effort of decarbonization, genuinely underscores the need for advanced energy storage solutions, such as the approach that Addionics is developing in Israel and is eager to deliver globally as soon as possible.”

Mamo founded Navmatic, a startup that focuses on vehicle safety and that was ultimately sold in 2021 to Superpedestrian. Before this, he served as Co-founder and CEO of Drive TLV, an innovation hub for smart mobility startups. In 2014, he founded CapsulaTAU, a partnership between the Alternative Fuels Administration initiative in the Prime Minister’s Office and Tel Aviv University. Today, Mamo serves as a member of the Board of Directors of the Israel Innovation Institute, the EcoMotion organization, and the Drive TLV hub.

It is understood that Mamo will lead business development activity from the company’s location in San Francisco and will be responsible for the management of its activity toward the U.S. market, with the aim of supporting its local activity with automobile companies and investors.

Addionics was founded in 2018 and has to date raised $40 million, $27 million of which came from its Series A round in January of this year. It has developed a patent-protected process that enables the low-cost mass production of unique electrodes, integrating AI-based software to help with battery structure optimization and reach their best performance. The company has created a number of development collaborations with automakers to integrate its next-generation batteries within their EVs. It has 40 employees across Israel, London, the U.S., and Germany.