Samsung Invests In Lithium Polymer Battery Developer Seeo – Target Is 400 Wh/kg.

  

InsideEVs

  InsideEVs reports on another very promising development in the lithium Battery space. As Elon Musk has pointed out before, we should not be very excited before any of these claims will make it into the electric cars, but it is very important development. I like to see, particularly, that such companies as Samsung are joining the lithium technology development, which crucial for the next advance in EV rEvolution.

  InsideEV website is highly recommended for all electric cars followers.

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InsideEVs:

Samsung Invests In Lithium Polymer Battery Developer Seeo – Target Is 400 Wh/kg.

Seeo, a company developing new generation lithium polymer batteries, announced that it closed its largest-to-date funding round of $17 million.

Among the investors appearing is Samsung Ventures Investment Corporation, which is the venture arm of Samsung.  Since Samsung already is in the lithium-ion battery business, Seeo’s developments must show some potential.

Hal Zarem, President and CEO of Seeo state:

“We appreciate the confidence Samsung Ventures has expressed in our technology and team with this investment. Samsung Ventures is a sophisticated investor with deep experience and a track-record of success in the space. Their engagement with Seeo will strengthen our ability to deliver the next generation of advanced batteries to a market eager for breakthrough capabilities.”

Seeo itself set a target of 400 Wh/kg on the cell level and, taking into consideration that 350 Wh/kg was already achieved by Seeo, the battery maker is close to hitting its target.

Here is the description of Seeo’s DryLyte – solid polymer electrolyte:

“Seeo DryLyte™ Advanced Lithium Polymer Batteries

Seeo’s DryLyte electrolyte enables breakthroughs in energy density, which is a key enabler to increasing the range of electric vehicles (EVs). Currently, Seeo has cells cycling with an energy density of 350 Wh/kg, with a future target of 400 Wh/kg, roughly twice the level of batteries used in today’s EVs.

Seeo enables the production of safer batteries by replacing the flammable liquid electrolytes of conventional lithium-ion cells with Seeo’s DryLyte solid polymer electrolyte that is non-flammable and non-volatile. These enhanced safety characteristics, combined with exceptionally high energy density, represent a breakthrough for next-generation battery applications.”