Friday, 6 March 2015
Last updated 5 hours ago
Sep 14 2009 | 9:19am ET
The UK Technology Strategy Board has awarded a grant of GBP 1.3 million ($2.1 million) to a consortium led by battery making Axeon, and including the engineering firm Ricardo and the niche vehicle manufacturer Allied Vehicles, to develop a lightweight battery for small electric city cars.
The battery, according to a Ricardo statement, will use new cell chemistry that offers higher energy density, and will be lighter, smaller and more efficient than those currently available, with faster charging and a greater range.
Over the next 22 months, Ricardo will develop the battery management system architecture and application software; Axeon will engineer and construct the battery system, perform cell testing for calibration and electronic system integration; and Allied Vehicles will design, build and test the vehicle platform.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…