Sealence, the Italian scaleup that develops the DeepSpeed electric nautical hydrojet, last February acquired eDriveLAB, a startup from Emilia Romagna created as a spinoff of the University of Parma.
Sealence had closed two equity crowdfunding campaigns on CrowdFundMe, the second of which, closed in December 2020, with a collection of $3.2 million (€2.9 million) based on a pre-money valuation of $37 million (€33.5 million).
Read more about Sealence and eDriveLAB with our companion app. The Born2Invest business news mobile app keeps its readers up to date with the most important news in the world.
The design of eDriveLab’s new batteries starts from different assumptions
eDriveLAB, which specializes in the electrification of vehicles with prestigious clients, including Ferrari, has announced that it has designed a battery that stands as a turning point in the world of electric powertrains. The work has been carried out in recent months together with FPT Industrial (Iveco Group), which contributed to the engineering phase.
What is highlighted by the technical data provided by the startup is not only the excellent result achieved in terms of energy density, comparable to that offered by the best EVs on the market today, but also the fact that the battery has been designed not to catch fire, even in the most serious cases, for example when a cell fails in a critical manner.
“There is no need to be alarmist about lithium battery technology,” said the CEO of eDriveLAB, Davide Lusignani “the batteries marketed today by the most important manufacturers are very safe and the greatest risk arises when you turn to unknown brands or companies that, despite ambitious proclamations, actually have experience only on low-voltage batteries at 48 volts and do not fully understand the risks associated with batteries currently in use in the segment of electric mobility, mostly in 400 and 800-volt standard.”
As Lusignani pointed out, the design of eDriveLab’s new batteries starts from different assumptions: “We wanted to design a battery that would remain safe even if an imponderable and destructive event occurred. Starting from this assumption, we conceived a product where the lithium cells are immersed in a liquid solution that envelops them completely. Not only does this result in ideal cooling of the cells, but with this approach, if one cell were to be damaged and catch fire, the phenomenon would not be able to propagate and infect adjacent cells. It is obvious that the battery will have to be repaired or replaced, but we have virtually eliminated the risk of fire that, on some applications, such as boats, are impossible to control.
The project actually stems from a specific need of Sealence, which approached the spin-off with the request to design a “fireproof” battery that would be “the safest ever designed,” so that it could be installed on yachts worth several tens of millions of euros or on passenger ferries.
The first examples of this battery will be delivered to Sealence in spring 2022 and will then be available for large-scale supply beginning in early 2023.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Loopdx Opens €1 Million Round to Bring its Sepsis Biomarker to Market
n Spain, 17,000 people die every year from different types of septicemia. This condition is one of the most serious...
Why New York Raw Sugar and London White Sugar Trends Are Down
New York was lower again last week on ideas of bigger supplies. London also closed lower as White Sugar supplies and...
A Look at all the Recessions Since 1970: Three Hard Landings Stand Out
This past week saw a spectacular "rebound" "relief" rally. Could it turn into a summer rally? Just as the Fed...
Mr Bear Ain’t Going Nowhere
Since May 26th Mr Bear has been a very bad bear. We’ve seen three NYSE days of extreme market breadth...
Why Brand Consistency Can Make or Break the Success of Your Business
If you’re not maintaining consistency in your branding, things can quickly go awry, creating devastating consequences for you and your...
Biotech6 days ago
Satellos Bioscience’s Stem Cell Signaling Research Could Turn the Tables on Muscular Dystrophies
Cannabis2 weeks ago
Luxembourg Approves the Self-Cultivation of 4 Cannabis Plants per Household
Crypto2 weeks ago
Solana Price Forecast: SOL Forms a Dead Cat Bounce
Crowdfunding2 weeks ago
Exporo Raises Funds, but the Company Value Decreases Instead of Increasing