A Silicon Valley lithium polymer battery start-up has been snapped up by the German industrial conglomerate Bosch.
Founded in 2007, the California, US, based company Seeo uses a nanostructured polymer electrolyte to manufacture their range of lithium-ion solid-state Drylyte™ batteries.
The financial terms of the deal won’t be released, but Bosch has acquired all of Seeo’s intellectual property (IP) plus its research staff, a Bosch spokeswoman confirmed.
Back in late 2014 the company announced it had cells cycling with an energy density of 350 Wh/kg, with a future target of 400 Wh/kg.
Whether the target has been met is unclear, but Seeo does have a 130Wh/kg automotive pack. It means Bosch takes control of vital IP to enter the EV market.
Or, perhaps, Bosch is eying the fashionable stationary Energy Storage System (ESS) sector, of which Seeo already boasts a DryLyte 1.6 kWh module.
Either way it wouldn’t surprise this newshound if we hear of an ESS product announcement from Bosch in the near future.
Picture: Seeo’s block copolymer solid electrolyte with alternating hard-conductive domains