Dutch start-up LionVolt has actually gotten AMTE Power’s battery cell assembly line in Scotland. It states it will utilize the possessions for pilot production of its 3D solid-state thin-film batteries.
Eindhoven-based start-up LionVolt has actually finished the acquisition of AMTE Power‘s company and properties in Scotland, consisting of a battery cell assembly line in Thurso.
Due to continuous hold-ups in protecting the needed funds, AMTE Power– an Oxfordshire-based designer and producer of lithium-ion and sodium-ion battery cells– entered into administration in December. FRP Advisory ran a sped up mergers and acquisitions procedure and stated last week that it had actually finished the sale of the business’s company and properties to LionVolt.
The sale allows the battery production center to be repurposed for producing LionVolt’s 3D innovation and consists of the transfer of 20 tasks based in Thurso. AMTE Power’s staying 15 workers in Milton, England, have actually been made redundant.
“The acquisition by LionVolt provided the very best chance to protect tasks and satisfy our statutory tasks to financial institutions,” stated Richard Bloomfield, director of FRP Advisory and the joint administrator of AMTE Power Plc. “The deal follows an extensive sales procedure and look for brand-new financial investment. Seriously, it protects a great deal of tasks and supplies an extension of battery cell production in Scotland.”
For LionVolt, the acquisition of the battery production website brings “brand-new complementary abilities to the business for its next stage of development.”
Sandeep Unnikrishnan, the CTO of LionVolt, explained the deal as a “dream circumstance.”
“It assists us grow our ingenious 3D battery innovation quicker by leveraging the production competence from the group in Scotland, consequently minimizing time-to-market,” stated Unnikrishnan.
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The acquisition comes hot on the heels of LionVolt’s statement that it is developing a pilot assembly line at the Brainport Industries Campus (BIC) in Eindhoven, the Netherlands.
LionVolt was spun off from the Netherlands Organization for Applied Scientific Research (TNO) in 2020 with an objective to establish and scale its 3D solid-state thin-film battery innovation. The innovation is stated to provide improved energy density, remarkable cycle-life, greater charging speed, and improved security compared to standard lithium-ion batteries and be especially appropriate for wearables and electrical lorry applications.
LionVolt’s batteries are made by covering billions of pillars with thin layers of practical product, developing a 3D structure with a huge area and really brief ranges in between both battery electrodes. Charging and releasing times are minimized, as the lithium-ions just need to take a trip a brief range.
The producer stated this technique allows the innovation to get rid of 2 significant difficulties to its industrial rollout– the conformal covering of the complete battery stack and the advancement of scalable production tools. The development of the micropillar ranges is supposedly able to lower the technological difficulty of conformal covering, and the open and routine structure helps with the deposition of successive layers.
LionVolt stated its battery setup is totally retrofittable into existing industrial formats and an assembly line can be established in an extremely brief time. Practically 80% of the supply chain required to construct an assembly line can be sourced in your area, according to the Dutch business.
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