Akasol AG is a German manufacturer of batteries for electric vehicles. Akasol was founded in 2008. Its headquarters and main manufacturing site are located in Darmstadt. A manufacturing site in Detroit was opened in 2019. In 2021, the company was acquired by the American automotive supplier BorgWarner.[1]
History
The Company emerged from a solar technology team founded in 1989 at the Darmstadt University of Technology's Department of Electrical Engineering and Information Technology. The student team developed a number of solar and battery driven cars, aiming at low energy consumption.[2]
In 2008, members of the team founded the Akasol Engineering GmbH, a for-profit company for developing Lithium-ion batteries and an electric car suitable for everyday use. The name was changed to Akasol GmbH in 2012.[3]
In June 2018 the company went public as Akasol AG. Starting from June 2021, BorgWarner took over a majority of Akasol.[1][4]
In August 2021, a factory with 15,000 m², called "Gigafactory 1" went operational in Darmstadt. Production capacity is up to 1 GWh during the first stage, and by 2022 is planned to increase to 2.5 GWh.[5]
References
- Jim Vinoski. Primed For Growth, German Battery Maker Akasol AG Is Coming To America Forbes, retrieved 2023-08-08^
- Neue Gigafactory: Deutscher Batterie-Spezialist Akasol: "Mehr Erfahrung als Nikola, Tesla und Hyzon zusammen" www.handelsblatt.com, retrieved 2022-11-08^
- 20. C. Die Bekanntmachungen Die Folgen der falschen Eintragungen in das Handelsregister, De Gruyter, 1898-12-31, retrieved 2022-11-16^
- BorgWarner finalizes takeover of battery systems maker Akasol Automotive News, 2021-06-04, retrieved 2023-08-08^
- Gigafactory eröffnet - omnibus.news retrieved 2022-11-08^