Dyson Acquires U-M Battery Pioneer Startup Sakti3 for $90M


Published:

Sakti3, a University of Michigan startup that pioneered a new battery platform, has been purchased by Dyson in a $90 million deal that follows an initial investment of $15 million earlier this year.

"Dyson, just like Sakti3, is driven by a desire for audacious leaps in technology," says Ann Marie Sastry, founder of Sakti3 and a former U-M engineering professor. "We are excited to join James Dyson and his outstanding team, together making our battery technology a commercial reality."

Sastrhy says Sakti3's prototype solid-state battery cells have a high energy density, giving them the potential to increase the density of today's most advanced liquid lithium ion batteries, while also being smaller, safer, more reliable and longer lasting.

Sakti3 was initially formed with technology developed in the U-M laboratory run by Sastry. She led two research centers in batteries and bioscience that were funded by the U.S. Department of Energy for more than 17 years. Sakti3 was launched as a U-M startup in 2008 with subsequent funding from Khosla Ventures, GM Ventures and others.

Solid-state technology, used in USB flash drives and microchips, has already revolutionized data storage, improving reliability, safety and storage capacity. As with conventional batteries, solid-state batteries are still based on lithium technology. But instead of containing a liquid electrolyte, they consist of solid lithium electrodes.

James Dyson, founder and chief engineer of Dyson, says that to continue to create new and disruptive technology, his firm must develop more advanced core technologies.

"We  have invested over $300 million into the research and development of the Dyson digital motor, a technology that now powers our most successful machines," Dyson says. "We will do the same with batteries. Sakti3 has developed a breakthrough in battery technology and together with Dyson we will make this technology a reality."
 
 

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Detroit Tigers Announce Partnership With Uber

With only two days until Tigers Opening Day at Comerica Park, the Detroit Tigers today announced a partnership with mobile ridesharing company Uber, naming them the team’s official ride-sharing company. This season, there will be a dedicated pick-up and drop-off zone for fans choosing to Uber to and from Comerica Park, located on the northbound side of the I-75 service drive, between John R and Brush Street.

Detroit Pistons and Henry Ford Health System Partner on Training, Rehab, and Sports Medicine Complex  

The Detroit Pistons and Henry Ford Health System today announced plans to build a new 100,000-square-foot training, rehabilitation, and sports medicine complex in Detroit’s New Center area. The site is bordered by Amsterdam Street, Second and Third Avenues, and a set of railroad tracks to the north. Construction is expected to begin this summer.

Ford Invests $1B in Argo AI, Works Towards Leading Autonomous Vehicle Market

Dearborn-based automaker Ford Motor Co. today announced a $1 billion investment in Pittsburgh-based Argo AI over the next five years, to develop a virtual driver system for the autonomous vehicle Ford has planned for 2021, and for potential licensing opportunities.

Meridian Winter Blast Set to Coincide With North American International Auto Show

The thirteenth annual Meridian Winter Blast, presented by Quicken Loans, has been moved up several weeks and is now scheduled to coincide with the final weekend of the North American International Auto Show — January 20-22.

Detroit Pistons to Move to Downtown in 2017, will Generate Additional $596.2M in Economic Impact

Agreements under which the Pistons will move to downtown Detroit and begin playing next season at the new Little Caesars Arena in The District Detroit, a $1.2 billion sports and entertainment development, have been announced today.
Edit ModuleShow Tags

Most Popular

  1. Revered Cadieux Café on Detroit’s East Side Sold to Restauranteur Paul Howard and Musician John Rutherford
    The owners of the Cadieux Café on Detroit’s east side today announced that they have sold the...
  2. Jackson’s Henry Ford Allegiance Health First in U.S. to use Neuromonitoring System for Spine Surgery
    Henry Ford Allegiance Health in Jackson is the first hospital in the country to use Generation 2...
  3. Bloomfield Hills-Based Sterilogy and Grand Valley Students Develop System to Help Reduce Hospital Infections
    Keeping hands clean and sanitized in hospitals and other medical facilities can be a challenging...
  4. Ottawa Towers Wins $7.4M Settlement from Pontiac Over Property and Parking Rights
    After more than six years of litigation, the City of Pontiac and the owners of the Ottawa Towers...
  5. Dykema’s Bloomfield Hills Office Adds Employee Benefits and Executive Compensation Attorney
    Dykema, a Detroit-based national law firm, has announced the addition of Kenneth J. Sachs to its...
  6. Detroit Metro Airport Restrooms Get Smart with New Maintenance Technology
    If you notice that the restrooms at Detroit’s Metropolitan Airport in Romulus are more-tidy...