Caterpillar makes strategic funding in Fisker, with curiosity in solid-state battery tech

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Fisker Inc., an e-mobility and know-how firm growing electrical automobiles and proprietary solid-state battery applied sciences, introduced a strategic funding from Caterpillar Enterprise Capital Inc., a completely owned subsidiary of Caterpillar Inc., the world’s main producer of development and mining gear, diesel and pure fuel engines, industrial fuel generators and diesel-electric locomotives.

In November 2017, Fisker’s scientists, together with a co-founder of solid-state battery start-up Sakti3, filed patents this week on solid-state batteries. The patent contains claims over novel supplies and manufacturing processes which can be important in reaching the required power density, energy and value targets required for the widespread use of electrical automobiles. (Earlier put up.)

Fisker Inc.’s solid-state batteries current the next-generation put up lithium-ion period of future battery applied sciences, that supply bulk electrodes with excessive power densities, enhanced security, sooner cost occasions and decrease prices. Fisker says that its solid-state batteries will characteristic three-dimensional electrodes with 2.5 occasions the power density of lithium-ion batteries.

In January 2018 at CES, Fisker displayed a working solid-state battery in a case and an precise bulk battery with out a case. The working battery was half the dimensions of a cellular phone battery, 2mm thick and with superior power storage. (Earlier put up.)

Caterpillar Ventures’ funding in Fisker illustrates a mutually acknowledged significance that electrification options will symbolize to a number of enterprise segments sooner or later. Whereas Caterpillar and Fisker serve essentially completely different industries, developments in electrification applied sciences pose growing significance and provide the potential to positively impression buyer worth for the suitable merchandise.

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