Modern-day society is made possible by science and technology breakthroughs we’ve had over the years. From compressors that enable refrigeration to air conditioning and the humble electric motor, which serves our numerous needs, there are plenty of technologies at work for us. Storage of electricity is one such scientific marvel, which enables us to carry devices that would otherwise need to be always plugged in. Now, Netherlands based startup LeydenJar Technologies has reached another milestone in the scientific journey.
Boosting battery energy levels by 70 percent
Current batteries are restricted to using small amounts of silicon in their anodes since they were primarily carbon-based. The Netherlands based startup LeydenJar Technologies has developed a new method to create anodes in lithium-ion batteries, which are made from 100 percent silicon. This breakthrough is said to drastically change the battery industry as it enables the production of batteries with a 70 percent higher energy density (1350 Wh/L) and 62 percent lower CO2 emissions.
Silicon is touted to have ten times the capacity of carbon when used as an anode material. Till now, technical limitations hampered using silicon as the primary material but LeydenJar’s technology makes it possible. The tech is derived from solar cell production technology called plasma-enhanced chemical vapour deposition, or PECVD.
The innovation enabling 70 percent higher energy density for batteries is expected to have a notable impact on various sectors such as consumer electronics, electric vehicles, and the storage of renewable energy. This is because the new technology doesn’t drive up the production costs and is a ‘plug-in’ solution to existing battery gigafactories.
Founder and managing director of LaydenJar Technologies, Christian Rood, says, ‘The significance of battery capacity is huge. Electric driving, more intelligent smartphones, electric flying, everything, and everyone is waiting for better batteries. Our solution is smart and easily incorporated without any additional cost. We cordially invite everyone to use and experience the advantages of LeydenJar’s silicon anodes.”
scaling-up production capacity
LaydenJar built its test pouch cells using commercially available battery materials, such as NMC 622 cathodes, and LeydenJar’s silicon anodes. It was able to achieve energy density of 1350 Wh/L at the start of battery life and the new and improved battery cells demonstrated a cycle life of more than 100 cycles.
LaydenJar Technologies is a Dutch spin-out of the applied research institute TNO which was founded back in April 2016 by co-founders Christian Rood and Gabriël de Scheemaker. The startup has raised a total of €4.3 million in funding till date, mostly in form of grants. The company is now gearing up to scale-up its production capacity in the coming years, which will be the next step in its journey.
Image credits: LeydenJar
Connected Truck Telematics Market 2027 by Technology (Dedicated Short Range and Long Range/ Cellular Network); Vehicle Type (Light Commercial Vehicles , Medium Commercial Vehicles, and Heavy Commercial Vehicles); Communication Type (Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), and Vehicle-To-Cloud (V2C)) Cole of Duty
“startups when:1d” – Google News
In 2017, there were 511,455 crashes in the US involving a large truck or a bus. Of those, 4,455 were crashes with fatalities. In the EU, trucks account for about 2% of vehicles on the road but represent 15% of fatalities. Many of these crashes can be attributed to limited visibility from the cockpit, including multiple blind spots. Smart mirrors can reduce the rate of accidents and fatalities due to these blind spots. And this is where Basemark, a Finnish startup comes into the scene.
Building safer vehicles
Recently, the Helsinki-based tech startup which develops Rocksolid Engine, a world-leading real-time graphics and compute software solution formed a partnership with Japan-based Digital Media Professionals Inc. to develop a smart mirror system for the global commercial vehicle industry.
€7 million equity funding
And now, the company has announced that they have also raised €7 million equity funding. The investment round was led by ETF Partners. As per the company press release, Basemark is planning to use this funding to accelerate its growth in the field of autonomous vehicles.
Basemark’s Founder and Chairman, Tero Sarkkinen, said: “We are thrilled to have ETF Partners on board. Over the years we have worked hard on building a category-defining product and establishing strong international relationships across the automotive industry. This new capital injection will enable us to hit the gas and take us to the next level.”
Founded in 2015 by Arto Ruotsalainen, Tero Sarkkinen, Basemark grew its business to over $ 10 million in revenue and achieved profitability quickly without any institutional money. The Rocksolid Engine developed by the company is a lightweight and portable graphics and compute engine for mission-critical applications in automotive, aerospace, medical, military, and other industries.
Timing of the investment: Optimal
The company also develops system performance evaluation tools such as Basemark Automotive Testing and Basemark GPU. Clients include ARM, Imagination Technologies, Intel, KPIT, Mediatek, NVIDIA, Qualcomm, Renesas, Samsung, and Visteon.
For Basemark’s CEO, Keith Silverang, the timing of the investment is optimal. “My own focus since I started has been on building up mature business processes and a world-class team so that we can accelerate our core product development and scale-up rapidly. That team is now in place. We have had very strong and profitable growth to date, and our goal is to transform Basemark into a leading software product company in the space in the next couple of years. The ETF investment will enable us to do just that. ETF will bring us not only the fuel for growth, but we can benefit from their focus on sustainability, professionalism, experience, and world-class network.”
Remy de Tonnac of ETF partners will join the Board of the Company, together with Jarkko Virtanen, ETF’s Nordic venture partner, as Board Observer. “Road transportation is responsible for about 20% of total CO2 emissions and research has shown that the introduction of Autonomous Vehicles (AVs) could help reduce transport emissions by as much as 80%, due to the advent of Transport as a Service and improved asset utilisation. We believe Basemark’s critical AI and software technology are integral parts of the AV revolution.”
Main image credits: Basemark
The post Finnish startup to bring smart mirrors for commercial vehicles, bags €7M funding appeared first on Silicon Canals .