Boeing HorizonX Ventures, which was established just last April, will be investing into the next-gen aerospace battery startup Cuberg.
The Berkeley (California) based battery startup Cuberg has reportedly developed a battery cell that’s been “designed to be a drop-in solution to existing large-scale battery manufacturing processes” — which combines a proprietary electrolyte, a lithium-metal anode, and a high-voltage cathode to provide, reportedly, very high thermal durability and energy density.
Those are, of course, just the qualities that are required for commercial electrification of the aerospace industry.
“Cuberg’s battery technology has some of the highest energy density we’ve seen in the marketplace, and its unique chemistries could prove to be a safe, stable solution for future electric air transportation,” commented Steve Nordlund, the vice president of Boeing HorizonX.
The press release provides more: “Since it was established in April 2015, Cuberg has grown with several rounds of financing and grant funding, and signed a multimillion-dollar joint development agreement with an industrial battery manufacturer. Cuberg CEO Richard Wang is currently a member of the Cyclotron Road entrepreneurial research fellowship program located at Lawrence Berkeley National Laboratory. Cuberg previously participated in the TomKat Center for Sustainable Energy’s Innovation Transfer Program at Stanford University and was named one of the top seven startups in the US Department of Energy’s 2016 National Cleantech University Prize competition.”
The new funding will reportedly be used to expand Cuberg’s employee numbers and research and development facilities.
Notably, in addition to being led by Boeing HorizonX Ventures, the most recent funding round saw participation from the Canada-based oil firm HPC Energy Services — which I guess means that worries remain about the long-term health of that sector.