Fisker Announces Strategic Investment from Caterpillar Ventures
Fisker Inc., an e-mobility and technology company developing electric vehicles and proprietary solid-state battery technologies, has announced today a strategic investment from Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Inc. The investment is aimed at Fisker Inc.’s future solid-state battery technology with applications in construction, energy storage, transportation and mining industries.
Fisker’s solid-state batteries present the next generation post lithium-ion era of future battery technologies, that offer bulk electrodes with high energy densities, enhanced safety, faster charge times and lower costs.
Caterpillar Ventures’ investment in Fisker illustrates a mutually recognized importance that electrification solutions will represent to multiple business segments in the future. While Caterpillar and Fisker serve fundamentally different industries, advancements in electrification technologies pose increasing importance and offer the potential to positively impact customer value for the right products.
California-based is aiming to revolutionize the automotive industry by developing the most emotionally desirable electric vehicles complemented with the longest range and shortest charging times. As a leading force in influencing mass market electrification across the globe, the company’s scientific breakthroughs include the patent-pending Fisker Flexible Solid-State Battery – ushering in a new era in fast charging, safety, range and costs of less than $100 per kWh.
Caterpillar Ventures assists entrepreneurs around the world to grow and scale their businesses to build today for a better tomorrow by leveraging Caterpillar's industry expertise, supply base and independent dealer network. Caterpillar Ventures' focus areas of investment include robotics, energy, advanced materials, and digital solutions that help customers be successful.