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Sealence Acquires eDriveLAB that with FPT Industrial Designed the Battery of the Future

Sealence has recently acquired the company eDriveLAB,which specializes in the electrification of vehicles. 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.

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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.”

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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.

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(Featured image by paulbr75 via Pixabay)

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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.

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Daphne Freeman has worked in the crowdfunding and impact investing industry for the past few years, gaining experience in marketing, and connecting businesses and entrepreneurs in need with the right investors. As a seasoned grant writer as well as financial market journalist, she is passionate about making a social impact in the world. A free spirit, Daphne also enjoys writing and exploring topics of interest, currently CBD, health and beauty, and social media influencers.