SOSV-backed Qnetic is aiming to raise $20 million in 2026 to support its operations and manufacturing efforts. This financing will enable the New York-headquartered startup to continue fitting out its factory in Sacramento, California, for low-volume manufacturing of its Q500 solid-state mechanical battery. The Q500 is Qnetic’s alpha prototype product, offering 500 kWh capacity and 125 kW power, with initial prototypes derated to 100–200 kWh. The funds will also support field testing and validation of its technology across multiple use cases with partners like the National Lab of the Rockies over the next two years.