ATI-Grad ActaCell Making Strides
Austin-American Statesman tech writer Kirk Ladendorf featured ATI-graduate ActaCell in Saturday’s edition for its recent success. ActaCell is a lithium-ion battery startup targeting electric vehicle applications.
In the article ActaCell CEO Bill Ott said his company can produce around a dozen high-quality battery cells in a week. Ninety six of these cells create the battery pack used to power a hybrid electric vehicle.
The Austin startup is making [batteries] very slowly in its crowded North Austin development lab. But things…read full article here.
The company has raised $5.8 million in private investment, has received a $1 million grant from the Texas Emerging Technology Fund, and was awarded a $3 million grant from the Department of Commerce to develop another battery material for an all-electric vehicle.
University of Texas engineering professor Arumugam “Ram” Manthiram is a co-founder of ActaCell and one of the world’s top battery researchers, which gives ActaCell more industry respect and helps the company to receive funding.