Dyson Invests In Solid-State Battery Startup Sakti3 To Bring Cells To Market

Advanced battery technology startup Sakti3 has received a further round of investment capital to help bring its solid-state cells to market.

A new investor, British vacuum-cleaner maker Dyson, invested a total of $15 million and signed a joint-development deal with the company.

Existing funders General Motors and venture-capital firm Khosla Ventures also participated in the new round.

DON'T MISS: Sakti3 Claims Solid-State Battery Breakthrough For Electric Cars (Aug 2014)

Dyson hopes to integrate Sakti3's batteries, expected to have a higher energy density than today's lithium-ion cells, into vacuum cleaners and other products.

Best known for its much-advertised vacuum cleaners, Dyson plans to bring as many as 100 new products to market within the next five years, according to the Detroit Free Press.

"Sakti3 has achieved leaps in performance, which current battery technology simply can't," said founder James Dyson in a statement

It's these fundamental technologies – batteries, motors – that allow machines to work properly."

ALSO SEE: GM Ventures Invests In Startup Michigan Battery Cell Maker (Sep 2010)

Sakti3 was spun out of research originally done at the University of Michigan; GM Ventures, the venture-investing arm of the carmaker, was an early investor almost five years ago.