The Avery Dennison investment aligns with its roll-to-roll manufacturing expertise and functional materials innovations for the energy storage sector
MENTOR, Ohio, April 28, 2025 — Avery Dennison Corporation (NYSE:AVY) has announced an investment of Series B funding for Addionics, manufacturer of 3D Current Collectors™. The investment, along with Avery Dennison manufacturing expertise, will be used in support of Addionics’ plans to scale its production process. Avery Dennison is one of several strategic industry investors in Addionics.
Addionics provides Smart 3D Current Collectors that enhance battery performance while reducing production costs. Designed for mass production on roll-to-roll integrated lines, Addionics' technology increases capacity, improves safety, shortens charging times and extends lifespan — across all battery chemistries, from existing to emerging technologies. The current collectors seamlessly integrate into existing manufacturing processes and transform standard production lines into enablers of next-generation battery technology. By providing a scalable and cost-effective solution, Addionics is driving a step change in battery performance and accelerating the adoption of technologies that support a more sustainable and decarbonized future.
Avery Dennison is a global materials science and digital identification solutions company and a leader in roll-to-roll manufacturing technology. With dedicated research and global production facilities, the company’s partnership and investment will allow Addionics to expand and bolster its roll-to-roll manufacturing capabilities and commercialization efforts. With its investment in Addionics, Avery Dennison solidified its interest in energy storage and EV battery applications for pressure-sensitive high-performance tapes and functional materials.
“We are creating a mutually beneficial partnership,” said Pankaj Bhardwaj, vice president and general manager, Avery Dennison Materials Group, Asia, Middle East & Africa. “The investment will enable Addionics to accelerate the development and commercialization of its unique technology for current collectors. Our process know-how, materials science knowledge and global reach complement Addionics’ novel technology and entrepreneurial spirit. Equally important, the partnership contributes to advancing sustainability.”
“Avery Dennison has extensive roll-to-roll manufacturing experience,” Moshiel Biton, CEO and co-founder of Addionics added. “This makes them a preferred strategic investor. Demand for high-performing batteries is growing worldwide, and our product is growing alongside that demand. The funding and technical knowledge that Avery Dennison is providing will better enable us to supply our battery technology to battery manufacturers and improve battery performance throughout the industry.”
