Deals Counterparts

Tesla acquires Maxwell Technologies

Acquisition Battery Storage announced US Mar 6, 2026
Maxwell Technologies
Project

Tesla acquired Maxwell Technologies in 2019, gaining its dry process for producing anodes and cathodes.

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Deal Analysis

Tesla acquired US-based Maxwell Technologies, announced 2026-03-06, gaining its dry process for producing anodes and cathodes. The value of this acquisition by Tesla, an electric vehicle and energy storage company, was not disclosed. Maxwell Technologies was a California-based ultracapacitor and high-voltage cap specialist.
  • Buyer: Tesla (electric vehicles, clean energy, energy storage)
  • Seller: Maxwell Technologies (ultracapacitors, high-voltage caps)
  • Technology Acquired: Dry process for anode/cathode production
  • Announced: 2026-03-06

Source Intelligence

KEY DETAILS

The acquisition was for Maxwell Technologies' dry process for producing anodes and cathodes. This process eliminates toxic solvents, cuts energy use, and requires less factory space compared to the traditional wet slurry process. The founding team of Maxwell is now running a company called LiCAP, which is licensing a similar dry electrode process.

Announcement
Tesla is producing anodes and cathodes for its 4680 cells using a dry process that it acquired along with a company called Maxwell Technologies in 2019.
PARTIES MENTIONED IN SOURCE
T
Tesla buyer

"Tesla is producing anodes and cathodes for its 4680 cells using a dry process that it acquired along with a company called Maxwell Technologies in 2019."

M
Maxwell Technologies seller

"Tesla is producing anodes and cathodes for its 4680 cells using a dry process that it acquired along with a company called Maxwell Technologies in 2019."

medium quality Enriched Mar 8, 2026

Timeline

Announced
Mar 6, 2026
Signed
Closed

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