Boeing HorizonX has exited Cuberg three years after investing in the battery cell technology developer.
Cuberg, a US-based advanced battery cell developer backed by aerospace manufacturer Boeing, was acquired by lithium-ion battery manufacturer Northvolt for an unspecified amount yesterday.
Founded in 2015, Cuberg has developed lithium metal cells for electric mobility that can be manufactured using existing lithium-ion production facilities. They provide more than 70% increased range and capacity versus comparable batteries.
Richard Wang, chief executive and co-founder of Cuberg, said: “We are very excited to join forces with Northvolt to build the future of…
