The Caterpillar engineering group’s investment arm, Caterpillar Venture Capital (CVC), has invested an undisclosed sum in Fisker— a Californian electric vehicle start-up that is developing solid-state battery technology.
Fisker told BEST Battery Briefing details of the deal were being kept under wraps. However, a spokesperson said the investment, involving “fundamentally different industries”, demonstrated the “mutually recognised importance that electrification solutions will represent to multiple business segments in the future”.
