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Title : Bosch Buys Firm Dry Out Reason Battery Start-Up Seeo
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Bosch Buys Firm Dry Out Reason Battery Start-Up Seeo

High German linguistic communication industrial conglomerate Bosch is acquiring Silicon Valley battery home Seeo, including all of its intellectual holding together alongside inquiry staff. With the move, Bosch is looking to nurture its offering to the electrical auto industry, which is witnessing a pregnant growth.

Founded inwards 2007, Seeo is known for its advancements inwards creating high-energy rechargeable lithium-ion batteries based on a nano-structured polymer electrolyte. Seeo uses solid reason applied scientific discipline scientific dependent that avoids the component subdivision of flammable liquid electrolyte.

Using solid electrolyte, Seeo manufactures DryLyte batteries that deliver high liberate liberate energy density alongside impressive reliability together alongside safety. Seeo has an exclusive license to gist patents from Lawrence Berkeley National Laboratory together alongside has more than than xxx issued, solely licensed together alongside pending patent applications.

News website Quartz reported that Bosch confirmed the acquisition. Influenza A virus subtype A Bosch spokeswoman told the website that the financial cost of the larn by testament not stand upwardly for out released.

In December, Seeo made give-and-take every bit its CEO Hal Zarem announced plans to manufacture a battery alongside an liberate liberate energy density that is close double that of existing commercial lithium-ion batteries. The new battery would select a density of 300 watt hours per kg.

Bosch, which is already supplying a lot of components to the machine industry, has long been looking to come upwardly inwards the advanced battery market. The acquisition may demo successful, every bit Seeo together alongside its innovations are said to stand upwardly for out of slap-up potential.

Meanwhile, Seeo faces intense challenger from start-ups such every bit Sakti3, QuantumScape, XG Sciences, Envia Systems together alongside SolidEnergy Systems that are working on new types of electrical auto batteries. Panasonic is currently the leading component subdivision instrumentalist inwards the electrical auto battery marketplace seat alongside a 39% marketplace seat share, followed by times LG Chem together alongside Samsung SDI, according to inquiry home Lux Research.
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