Clean-tech startup Sakti3 is starting to see some promising results for its solid-state battery technology.
The Ann Arbor-based startup Sakti3 spun out of the University of Michigan six years ago. It is developing new lithium ion battery technology that it claims offers double the energy density of today’s commercial cells at half the price
"We have demonstrated some impressive numbers when it comes to energy density in battery cells," says Ann Marie Sastry, president & CEO of
Sakti3. She adds, "our results so far are very promising."
Sakti3's technology is manufactured using existing, scaled platforms that offer an easy path to large-scale production, in a single, integrated, manufacturing line. "We use only scalable processes on cheap equipment," Sastry says. "It won't break the bank."
Sastry says her firm has "hired a few people" for “high-end tech positions” in the last year. Sakti3 now employs "less than 24 people," Sastry says. She declined to provide specifics.
Sakti3 has raked in millions of venture capital, including a $4.2 million investment from
GM Ventures, the VC arm of General Motors, and Japan-based Itochu Technology Ventures in 2010. Sakti3 has raised $30 million in venture capital in total.
Source: Ann Marie Sastry, president & CEO of Sakti3
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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