Bosch Buys Enterprise Dry Soil Battery Start-Up Seeo
High German industrial conglomerate Bosch is acquiring Silicon Valley battery theatre Seeo, including all of its intellectual belongings together with inquiry staff. With the move, Bosch is looking to elevate its offering to the electrical auto industry, which is witnessing a meaning growth.
Founded inwards 2007, Seeo is known for its advancements inwards creating high-energy rechargeable lithium-ion batteries based on a nano-structured polymer electrolyte. Seeo uses solid soil technology scientific discipline that avoids the role of flammable liquid electrolyte.
Using solid electrolyte, Seeo manufactures DryLyte batteries that deliver high liberate energy density with impressive reliability together with safety. Seeo has an exclusive license to gist patents from Lawrence Berkeley National Laboratory together with has to a greater extent than than xxx issued, entirely licensed together with pending patent applications.
News website Quartz reported that Bosch confirmed the acquisition. Influenza A virus subtype H5N1 Bosch spokeswoman told the website that the fiscal price of the bargain volition non hold out released.
In December, Seeo made word equally its CEO Hal Zarem announced plans to manufacture a battery with an liberate energy density that is most double that of existing commercial lithium-ion batteries. The novel battery would convey a density of 300 watt hours per kg.
Bosch, which is already supplying a lot of components to the car industry, has long been looking to come inwards the advanced battery market. The acquisition may show successful, equally Seeo together with its innovations are said to hold out of slap-up potential.
Meanwhile, Seeo faces intense contest from start-ups such equally Sakti3, QuantumScape, XG Sciences, Envia Systems together with SolidEnergy Systems that are working on novel types of electrical auto batteries. Panasonic is currently the leading histrion inwards the electrical auto battery marketplace put with a 39% marketplace put share, followed past times LG Chem together with Samsung SDI, according to inquiry theatre Lux Research.
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