World market leader in atmospheric plasma technology Plasmatreat has announced its investment in the start-up company Intecells. The newly formed company will develop innovative manufacturing processes to improve the performance of battery cells and reduce production costs.
"We want to break free from the constraints of conventional battery design and existing production processes to significantly increase battery performance and make production more efficient", commented CEO and managing partner of Plasmatreat Christian Buske on the launch of Intecells. He went on to explain that new battery technologies were not only of vital importance to the rapidly growing field of electromobility; they would also optimize countless applications in the consumer electronics sector, or even make them feasible in the first place.
Intecells is a joint venture of Plasmatreat and Architected Batteries Unbound LLC (ABU). Dr Shawn Gayden (ABU/CEO Intecells) is convinced that the new company will be in a position to unveil new battery solutions very soon: "We benefit from having close relationships with our customers in the industry. This will enable us to achieve rapid initial commercial success which will shape the future of battery production." Christian Buske and Dr Gayden co- founded the start-up, raising the venture capital from San Francisco-based investor Walden International.
"We're pleased to invest in Intecells. Given the rapid global development of the electric vehicle industry, the new battery solutions look very promising. We have every confidence in the future of Intecells and would like to support the company as it matures and satisfies customer demand", commented Dr. Hing Wang of Walden International. Walden International has invested in dozens of technology companies in the automotive industry during the past ten years, including IC design houses, solution vendors, systems, etc. Walden maintains good relationships with mainstream car manufactures, the potential strategic partners of the Intecells. Intecells will be headquartered in Southeast Michigan (USA).
About Walden International
Founded in Silicon Valley in 1980s, Walden International is known for its professionalism and persistent dedication to the industry. It is a world-renowned VC that manages a fund of over USD 2.6 billion. With disruptive technology and long-term-value- oriented recommendations, it has helped 105 high-tech companies get listed in 15 trading centers around the world, and completed more than 80 global mergers and acquisitions. For 30 years, the company has been committed to the technology industry, focusing on highly promising industries such as automobile, smart hardware, communications and electronics, health care, and the new economy, ICT, clean energy, etc. Successful cases include: SINA, SMIC, Meituan, DJI, AutoNavi, Mindray, Silergy, Ambarella, etc. For more information, please go to www.waldenintl.com