Bosch Buys Venture Dry Out Pose Down Battery Start-Up Seeo
High German linguistic communication industrial conglomerate Bosch is acquiring Silicon Valley battery theater Seeo, including all of its intellectual asset together amongst research staff. With the move, Bosch is looking to get upwards its offering to the electrical auto industry, which is witnessing a important 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 reason applied scientific discipline scientific bailiwick that avoids the business office of flammable liquid electrolyte.
Using solid electrolyte, Seeo manufactures DryLyte batteries that deliver high liberate unloose energy density amongst impressive reliability together amongst safety. Seeo has an exclusive license to gist patents from Lawrence Berkeley National Laboratory together amongst has more than than xxx issued, solely licensed together amongst pending patent applications.
News website Quartz reported that Bosch confirmed the acquisition. Influenza A virus subtype Influenza A virus subtype H5N1 Bosch spokeswoman told the website that the financial cost of the larn by testament not gibe out released.
In December, Seeo made give-and-take every bit its CEO Hal Zarem announced plans to manufacture a battery amongst an liberate unloose energy density that is virtually double that of existing commercial lithium-ion batteries. The new battery would select a density of 300 watt hours per kg.
Bosch, which is already supplying a lot of components to the automobile industry, has long been looking to come upwards inwards the advanced battery market. The acquisition may exhibit successful, every bit Seeo together amongst its innovations are said to gibe out of slap-up potential.
Meanwhile, Seeo faces intense challenger from start-ups such every bit Sakti3, QuantumScape, XG Sciences, Envia Systems together amongst SolidEnergy Systems that are working on new types of electrical auto batteries. Panasonic is currently the leading thespian inwards the electrical auto battery marketplace set amongst a 39% marketplace set share, followed by times LG Chem together amongst Samsung SDI, according to research theater Lux Research.
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