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A vehicle burned at Canoo’s headquarters after a battery test

The Verge

A vehicle at EV startup Canoo burned on August 24th after lithium-ion batteries left inside the car started a fire. A small fire occurred several hours after the intentionally destructive testing of a battery module,” Gomes said in an e-mailed statement, noting the module passed the test and did not ignite. Image: Canoo.

Test 105
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Investors reward battery startup SES for losing money (but not too much)

TechCrunch

The balance of general expenses versus R&D suggests that while work continues on its lithium-metal technology, an increasing amount of the company’s cash hoard is being spent on building larger scale facilities in the ramp up to commercial production. The company is testing these cells in-house and then sharing the data with partners.

Money 85
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Panasonic will reportedly start mass producing next-gen Tesla batteries in 2023

The Verge

Panasonic is due to start mass producing next-generation lithium-ion batteries for Tesla with five times the energy capacity of existing models as early as 2023, according to a report from Nikkei Asia. The new batteries promise to boost the range of electric cars, and make them more affordable to produce and sell.

Report 96
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Fisker quietly settled trade secret spat with VW-backed battery company

The Verge

A Stanford spinout, QuantumScape is one of many companies working on solid-state batteries, which replace the liquid electrolyte found in lithium-ion batteries with a solid material that could help increase energy density, allow faster charging, and reduce the risk of fire. Immediately after her interview, [Fisker Inc.] Fisker Inc.

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Battery Resourcers raises $70M to grow closed-loop battery supply chain

TechCrunch

Battery Resourcers , a startup that’s developing a closed-loop approach to lithium-ion battery materials, has raised $70 million in mid-round funding to scale its commercial operations across two continents. The company, which is based in Worcester, Massachusetts, doesn’t just recycle batteries.

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Daily Crunch: Former Apple employee pleads guilty to stealing autonomous vehicle design details

TechCrunch

senator Joe Manchin’s ultimatum to car manufacturers that they either move more of their lithium-ion battery supply chain out of China or give up on some tax incentives that are part of the Inflation Reduction Act. Light it up : Over at TechCrunch+, Tim reports on U.S. The company raised $9 million. Hello, may I take your order?

Design 88
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Sequoia heats up early-stage startup investments in India and Southeast Asia

TechCrunch

Sequoia has “codified” its learning from over 50 years to assess the areas where a founder needs help in their journey and the roadblocks they will likely encounter, said Anandan in an interview. “We have a huge respect for them,” he said in the interview.

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