Lake Orion’s American Battery Solutions Inc. has announced its emergence from stealth mode and its agreement to acquire high-voltage manufacturing and testing assets from Robert Bosch Battery Systems in Orion Township.
American Battery Solutions is backed by a $50-million committed investment from KCK Group, a principal investment firm with global offices in London, New York, California, and Dubai. American Battery Solutions brings electrified mobility battery systems to emerging transportation and industrial and commercial markets.
Subhash Dhar, founder, chairman, and CEO of American Battery Solutions, says the company will develop, design, test, and manufacture modular battery solutions for underserved transportation, industrial and commercial markets, primarily in North America and Europe.
“ABS brings an experienced team of world-class battery professionals and automotive experts with an entrepreneurial mindset together with world-class development and manufacturing facilities,” he says. “We’re a new start, not a start-up.”
The company was founded by KCK Group and Dhar. It will work with OEMs, system integrators, and battery manufacturers to supplement and extend their brands through engineering, testing, and manufacturing services. The venture will partner with leading cell suppliers to offer a variety of chemistries and cell form factors.
“ABS will focus on the middle of the spectrum of battery systems value chain, concentrating on module production, pack assembly, and customer integration,” says Dhar.
Target applications for American Battery Solutions will include high-performance and autonomous electric vehicles; delivery trucks, buses, and utility vehicles; rail and marine; mobile commercial power; material handling, construction, agriculture, and mining equipment; and marine applications.