Musashi Seimitsu Industry Co., Ltd. has entered a partnership by investing in KeraCel Inc., a Silicon Valley based venture, developing solid state batteries with its unique and state-of-the-art 3D printing technologies. Musashi and KeraCel have joined forces to work towards solid state batteries customized for Musashi's motorcycle business.
All-solid-state batteries are expected as next generation power storage device, and nowadays many companies are accelerating their development to put it to practical use. KeraCel's development of its 3D printing technology realizes safe, low cost, compact and flexible solid-state batteries, and KeraCel is planning to commercialize these technologies and products in the near future.
This long-term strategic partnership with KeraCel allows Musashi to have priority rights to produce and supply solid state batteries with KeraCel's innovative 3D printing technologies, provide power system solutions to electric motorcycle market and explore other potential market opportunities as well.
"We are excited to explore the technological innovation for solid state batteries together with KeraCel" said Hiroshi Otsuka, President and CEO of Musashi Group."Partnering with Musashi enables KeraCel to develop safe, high energy batteries for automotive market" said Robert Bagheri, KeraCel's CEO.
"Partnering with Musashi enables KeraCel to develop safe, high energy batteries for automotive market," said Robert Bagheri, Keracel's Chairman and CEO.