Dr. Ann Marie Sastry Co-Founder and CEO of Sakti3

Dr. Ann Marie Sastry Co-Founder and CEO of Sakti3

Vacuum cleaner inventor and billionaire Sir James Dyson invested $15 million in battery start-up Sakti3, a company that's developing solid-state batteries with much higher energy density than batteries currently available today.

Sakti3 is not only an investment opportunity, but maybe a source of new batteries for cordless devices produced by Dyson.

For now, Sakti3 is still in the development phase, fueled by a new $20 million investment round. Since its founding, Sakti3 attracted roughly $50 million in equity investments.

Sir James said:

“Sakti3 has achieved leaps in performance which current battery technology simply can’t. It’s these fundamental technologies – batteries, motors – that allow machines to work properly.

“The Sakti3 team has amazing ambitions, and their platform offers the potential for exponential performance gains that will supercharge the Dyson machines we know today.”

Ann Marie Sastry, founder and chief executive, said:

“It was an honour to be approached by Dyson because it wanted what we did – much, much better batteries.

“There is a great deal of knowledge and passion on both sides, and Dyson’s engineering team has the capability and the track record to scale up new ideas and make them a commercial reality.”

source: The Telegraph via Electric Vehicle News