EV battery startup Cloteam gets $3.5M

Cloteam LLC, a startup led by battery expert Christina Lampe-Önnerud, was awarded a $3.5 million award from the U.S. Department of Energy.

The startup, which was founded by the same founder of venture-backed, lithium-ion battery startup Boston-Power Inc., was one of 22 projects across 15 states that received to $36 million to develop electronic vehicle (EV) energy storage systems using different designs.

The award falls under a new program under the DOE’s Advanced Research Projects Agency-Energy (ARPA-E) project called the Robust Affordable Next Generation Energy Storage Systems (RANGE). The program is focused on EV adoption by improve range and low-cost, low-carbon alternatives. The program hones in on the battery system rather than working to boost the energy density of individual battery cells.

Read the full story from Boston Business Journal.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.