Addionics limited announced that it has received $27 million in a round of funding co-led by new investors Deep Insight, Catalyst Investments L.P., Delek Motors and Dr. Boaz Schwartz on January 25, 2022. The transaction also included participation from new investors Novelis Inc., Magna International Inc., JX Nippon Mining & Metals USA, Inc., Union Tech Ventures, 8090 Partners, LLC, Global IoT Technology Ventures, Inc., Talcar Corporation Ltd., Bridges Israel Impact Investment Fund, a fund managed by Bridges Israel Ltd., Doral Energy-Tech Ventures, Dr. David Deak, returning investors Next Gear Ventures, Magna Capital Partners, Vasuki Global Tech Fund. The company has raised $40 million in funding till date.