Sakti3 develops solid-state battery technology based on University of Michigan research, using solid lithium electrodes rather than liquid lithium-ion chemistry. The company’s approach is said to offer higher energy density and improved safety while enabling a cheaper and simpler manufacturing method. The technology is compared in the article to solid-state storage used in SSDs and is positioned as a potential replacement for current liquid Li-ion cells. Sakti3’s batteries could be applied to smartphones, laptops, and vehicles, and the article highlights potential relevance for Dyson’s cordless handheld vacuums. The company received a strategic investment from Dyson, indicating industrial interest in its research and development. No revenue or user metrics are disclosed in the article. Sakti3 develops lithium‑ion battery cells and was spun out of the University of Michigan. The company is based in Ann Arbor, Michigan and was founded in 2007. Its core focus is advancing manufacturing capabilities for its battery cells and accelerating commercialization. The recent $4.2M investment is intended to fund manufacturing scale‑up and speed product commercialization. Sakti3 has existing partners Khosla Ventures and Beringea and recently received a $3M grant from the Michigan Economic Development Corporation. The company’s financing and grant support are positioned to support next steps toward commercial battery production. Sakti3 develops highly efficient solid‑state and lithium‑ion batteries aimed at cars and portable electronics. The company is pursuing a new cathode-based approach in some lithium‑ion designs to reduce degradation and improve longevity. It plans to patent a manufacturing process that limits material use and waste. Sakti3 says the technology could extend driving range for plug‑in vehicles and lower costs. Based in Ann Arbor, Michigan, the company was founded in 2007 and has about 20 employees. Prior funding includes a $3M grant from the Michigan Economic Development Corporation and earlier investment from Khosla Ventures.

Total raised

$26M

Funding rounds

3

Latest round

Equity

Latest activity

Mar 2015