CONTENT PREVIEW
Industry

Safran acquires equity interest in battery developer Oxis Energy

22 January 2019

Safran has announced that it has taken part in a GBP7 million (USD9 million) round of investment funding in lithium-sulphur cell technology company Oxis Energy.

Through its venture capital arm, Safran Corporate Ventures, the French aerospace and defence company invests in start-ups that develop disruptive technologies: this time in Oxis, which has been granted 173 patents and has 96 more pending for its high-density battery system cell technology.

This equity interest will start with the two companies co-operating on the development of high-energy-density battery cells for the aviation industry under a joint development agreement, which has already been signed.

“This technology co-operation is emblematic of Safran’s strategy in hybrid propulsion solutions,” said Alain Sauret, CEO of group subsidiary Safran Electrical & Power.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes





(146 of 431 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT