Solid Power, Inc. engages in the manufacture and supply of power batteries. The company is headquartered in Louisville, Colorado and currently employs 270 full-time employees. The company went IPO on 2021-03-24. The firm is focused on producing and distributing sulfide-based solid electrolyte material for powering both electric vehicles (EVs) and other applications. The firm's technology is its proprietary solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion batteries. Its business model - selling its electrolyte to cell manufacturers and licensing its cell designs and manufacturing processes. The firm is also developing solid-state cells with its electrolyte to commercialize its technology by selling its electrolyte material and licensing its cell designs. The firm develops its cells on its two pilot lines, producing multiple cell sizes to both support its partners and refine cell designs. The firm manufactures all of its cell designs, including its cathodes and anodes, using materials sourced from external suppliers. Its products are in the development stage.