Fresh funds will be utilised for development of larger form factor products targeting industrial electrification and e-mobility markets.
Caterpillar is supporting customers during the energy transition to a reduced-carbon future through investments in new products, technologies and services.
“BrightVolt’s core polymer matrix electrolyte technology (PME) has demonstrated a lot of promise in terms of its performance,” says Caterpillar’s Jihad Salahuddin, “BrightVolt’s innovative approach to manufacture solid-state Lithium-Ion batteries, utilizing their PME technology, is compatible with existing roll-to-roll Lithium-Ion manufacturing lines requiring very minor capital refinements, while achieving a considerable improvement in several performance metrics.”
“BrightVolt has taken a unique approach to developing a novel polymer solid-state electrolyte for Lithium-Ion batteries,” says NSV’s Somu Subramaniam, “the company is targeting commercialization of Lithium-Ion batteries utilizing its proprietary polymer electrolyte technology in several key applications that have realized their theoretical limitations with use of traditional Lithium-Ion batteries like e-mobility.”
BrightVolt has sold 15 million primary solid-state batteries globally,