Marubeni looks to Skeleton for Asian battery gigafactory
Marubeni is increasing its investment in Skeleton Technologies to expand manufacturing of the SuperBattery fast charging technology.
Skeleton has validated its technology and competitive advantage in real-life applications and focuses on the high-power, fast-charging segment of energy storage technologies. Skeleton is currently ramping up manufacturing of its supercapacitors product line with a new factory near Leipzig (Germany), and planning for the production scale-up of its SuperBattery product.
- €1bn deal for graphene battery that charges in 15s
- Skeleton launches superbattery that charges in 30s
- Fast charging battery deal for heavy duty vehicles
“Marubeni’s investment is one of the top strategic deals in the European battery industry this year and, it is a testament to the excellent work done by the entire Skeleton team. It showcases how to take a deeptech company to the market, continue executing the strategy, and grow shareholder value in all market conditions,” said Diego Pavia, CEO of EIT InnoEnergy.
The commercial cooperation between Skeleton and Marubeni covers Asia, excluding China and India. The Japanese conglomerate sells Skeleton’s products in the region, supports commercial scale-up and customer acquisition for Skeleton’s Superbattery in Asian markets and uses its relationships with existing clients to develop new applications for Skeleton’s patented curved graphene material.
This will also be key for Europe as it scales production.
“We are one of the early investors in several European champions in the battery value chain, with several having reached the industrial Unicorn status. We see Skeleton, which we entered seven years ago, scaling up rapidly and following a similar path, contributing to further addressing the European battery demand,” added Pavia.
- €220 million to build world’s largest supercapacitor factory
- €29m from Marubeni for fast charging battery production
- Black Magic curved graphene business renamed
“Marubeni is way more than an investor, it is a strategic partner for Skeleton and has been instrumental in enabling us to achieve excellent commercial traction in Asia, particularly in heavy-duty equipment and vehicles, and in the automotive sector,” said Taavi Madiberk, Co-Founder and CEO of Skeleton Technologies.
“We are very satisfied with the market’s interest in our SuperBattery and we now need to expand our manufacturing capacity to meet the customers’ demand. We will continue to work hard together with Marubeni, while benefitting from its global business network and experience in the energy sector.“
“Since Marubeni joined Skeleton as a strategic partner in March 2021, we have received enthusiastically positive feedback to Skeleton’s products from global manufacturing companies, and collaborated on the development of SuperBattery applications,” said Masayuki Omoto, COO of Next Generation Business Development Division of Marubeni.
“Recognizing the substantial potential in the field of heavy-duty electrification, electrified and hybrid vehicles, and grid energy storage, we believe our investment will help Skeleton fortify mass production capabilities for SuperBattery, bring the SuperBattery to customers in the fastest manner and fuel company growth. Considering the market demand for high-power batteries and supercapacitors, we clearly see Skeleton transforming into one of the leading and truly next-generation battery companies in the world,” he added.
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