Samsung Leads $17M Investment Inwards Venture Terra Firma Lithium Ion Battery Start-Up
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Seeo Inc., a battery maker developing a Solid State Lithium Ion Battery for electrical vehicles, got a $17 meg circular of financing led past times Samsung Group’s enterprise working capital missive of the alphabet arm.
Seeo volition purpose the funding from Samsung Ventures to maintain to prepare its lightweight lithium-polymer battery technology, the Hayward, California-based companionship said inwards an e-mailed contention today. Existing investors Khosla Venture too GSR Ventures too joined inwards the funding.
According to Seeo, it volition purpose the cash injection to expedite the commercialization of its DryLyte advanced lithium polymer batteries, which sport an electrolyte that enables amend unloose energy density, specifically for purpose inwards electrical vehicles.
Seeo currently has cells (though non inwards purpose commercially) capable of operating amongst an unloose energy density of 350 Wh/Kg (watt-hour per kilogram), simply it’s straightaway targeting 400 Wh/Kg — some double that used inwards close electrical vehicles today. But security is paramount when developing such batteries, too this is the crux of the engineering scientific discipline Seeo is working on.
Seeo’s DryLyte “solid” polymer electrolyte is non-volatile too non-flammable, which agency it tin survive used at a much higher temperature. Seeo is striving to supersede the touchstone flammable liquid-based electrolytes, typically constitute inwards lithium-ion cells, amongst its ain technology.