Bosch’s acquisition of Seeo Inc. is followed within seven weeks by news that an innovator in another area has acquired a battery developer. Electric-vehiclenews.com announced that “Dyson, the U.K. company famous for its bagless vacuum cleaners, has acquired Michigan-based solid-state battery startup Sakti3 for $90 million and announced plans to build an important $1 billion battery factory to mass produce the next generation battery technology.” The report noted this was the second recent purchase of a promising start-up company by a larger, richer firm. Bosch acquired Seeo Inc. to benefit from its solid-state technology, which like most solid-state batteries would, among other benefits, reduce or eliminate fire hazards – something brought to the fore by recent FAA rulings on shipping of lithium batteries. Sakti3 has announced a solid-state cell with 400 Watt-hours per kilogram energy density, roughly twice that of most competitors, including Tesla’s – reputed to be around 230 Wh/kg. Although Sakti3 founder and CEO Ann Marie Sastry joins Dyson as …
Bosch Doubles Down on Solid-State Batteries
Bosch, the German electronics giant, is making a strong showing at the Frankfurt Motor Show (IAA), and showing off its solid-state Li-ion battery technology. It recently acquired Seeo, Inc., an American startup that has been developing such a battery for several years, and will add Seeo’s research to its own expertise and exclusive patents. Encouragingly, the company says it will be able to double the energy density of Li-ion batteries while cutting prices by half. Perhaps discouragingly, Bosch says this will take until 2020 to bring to production. Green Car Congress quotes Dr. Volkmar Denner, chairman of the board of management for Robert Bosch GmbH, claiming a breakthrough. “Bosch is using its knowledge and considerable financial resources to achieve a breakthrough for electromobility. Solid-state cells could be a breakthrough technology. Disruptive start-up technology is meeting the broad systems knowledge and financial resources of a multinational company.” Coupling the acquisition with its 30 production projects “related to electromobility,” Bosch has been …