The Volkswagen Group is investing US$10 million in the startup “Forge Nano Inc.” with a view to reinforcing its specialist knowledge in the field of battery research.
The Volkswagen Group is working on its strategy of electric offensive and intends to offer more than 50 battery-electric models by 2025, accounting for about a fifth of its entire model portfolio.
To safeguard this approach, the company is cooperating with strategic battery cell suppliers and developing its own specialist know-how in battery research. This also includes targeted venture investments. The company is increasingly investing in international start-ups to bring innovative technologies forward to production maturity together.
Volkswagen has been collaborating with Forge Nano on advanced battery material research since 2014. The startup is investigating processes for scaling atomic layer deposition (ALD) to create new core-shell materials, especially for battery applications.
ALD is a chemical process for applying atomic scale coatings one atom at a time. With its specific ALD technology, Forge Nano aims to boost energy density of vehicle battery cells. For example, a higher energy density would have positive effects on the range of electric vehicles. Volkswagen has been lending their automotive and battery expertise towards Forge Nano’s applied research efforts.
Source: Press Release