Newbury Park, CA – (November 9, 2021) Newbury Park startup, Battery Streak receives NSF grant and major investment from CBMM. This investment aims to accelerate new technologies with Niobium for lithium-ion batteries.
Battery Streak has closed a deal with CBMM, a global leader in Niobium products. CBMM has acquired a 20 percent stake in the U.S. battery start-up. This investment will allow Battery Streak to drive development and ramp production of its revolutionary, patented materials for a variety of applications including power tools, drones, medical devices, electric scooters, warehouse robots, and EVs, in civilian and military use cases.
This unique, new capability allows products to charge ultra-fast, in approximately 10 minutes, while providing a longer cycle life. Additionally, Battery Streak’s technology generates very little heat, even at this rapid charge rate.
“We are honored and thrilled by the support of CBMM to realize our shared vision of a battery powered future. This partnership will enhance our ability to reach and serve our customers.”
“We are honored and thrilled by the support of CBMM to realize our shared vision of a battery powered future. This partnership will enhance our ability to reach and serve our customers.” said David Grant, Battery Streak President. “As we scale up production and commercialization efforts, CBMM will be a critical partner and provide an immeasurable level of credibility,” he added. “We are excited about all the ways our materials can transform the battery industry.”
“We are excited about all the ways our materials can transform the battery industry.”
With a long-term vision, CBMM has the prospect of continuing to invest in research and development of Niobium technologies for lithium-ion batteries. “We are working intensely with large partners to offer to the market batteries with unique characteristics, such as ultra-fast recharging, in less than 10 minutes, greater stability and safety. Battery Streak is fully aligned with this goal and will allow us to take an important step, allowing applications beyond the mobility market”, explains Rodrigo Amado, Strategy and New Businesses Manager at CBMM.
Battery Streak, also known as BSI, is a startup linked to the University of California at Los Angeles (UCLA). BSI’s patented technology uses nano-structured Niobium oxide as the anode of lithium-ion batteries. With the partnership, CBMM and BSI intend to offer the first products to the market in 2023. Battery Streak, Inc. has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Small Business Technology Transfer (STTR) grant to conduct research and development (R&D) work on the next generation of nano-structured cathode for fast charging lithium ion batteries, which will be free of conflict cobalt.
About Battery Streak
Battery Streak was founded in 2017 to commercialize material technology that allows lithium-ion batteries to charge in approximately 10 minutes. The batteries utilizing Battery Streak patented materials charge extremely fast, have a very long cycle life, and eliminate many thermal issues compared to conventional batteries. Battery Streak is headquartered in Ventura County, CA.
About CBMM
World leader in the production and commercialization of Niobium products, CBMM has more than 400 customers in 50 countries. Headquartered in Brazil, with offices and subsidiaries in China, the Netherlands, Singapore, Switzerland and the United States, the company provides products and technology to the infrastructure, mobility, aerospace and energy sectors.
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Contact:
Dan Alpern, Marketing & Communications
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