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.
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