Using a solid material rather than a liquid also meansthat the battery cannot catch fire orexplode.
It’s free, every week, in your inbox.
A big thank you to our investors for their confidence in us, the company said onLinkedIn.
Under the deal, LionVolt now owns the companys battery-cell manufacturing and production businesses based in Thurso, Scotland.
It will repurpose the site to produce its own solid-state battery technology.
Sandeep Unnikrishnan, CTO of LionVolt, called it a dream scenario for a deeptech company like theirs.
Whether it does or not could prove decisive for LionVolt and European battery startups.
We have to be braver, he says.
Otherwise, well be buying all our batteries from China.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
