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After $54M funding, Britishvolt partners with James Bond-branded Aston Martin to develop high-performance batteries

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In the latest yet grand development, luxury carmaker Aston Martin has signed an agreement with lithium-ion battery cell technologies company Britishvolt

Both companies will work together to develop high-performance battery cell technology as the ultra-luxury manufacturer plans to launch its first battery-electric vehicle in 2025.

A joint research and development team from both brands will design, develop, and industrialise battery packs, including bespoke modules and a battery management system, claims the company.

Aston Martin is Britishvolt’s second carmaker customer. In January, the company signed an agreement with Britain’s Lotus to develop a new battery cell package to power the next generation of electric sports cars from Lotus. 

Aston Martin’s roadmap

James Bond’s car brand Aston Martin is developing alternatives to the internal combustion engine. 

As a part of its electrification roadmap, Aston Martin’s first plug-in hybrid – the mid-engine supercar Valhalla – will commence deliveries in early 2024. 

By 2026, all-new Aston Martin product lines will have an electrified powertrain option, with a target for its core portfolio to be fully electrified by 2030.

Tobias Moers, Chief Executive Officer of Aston Martin Lagonda says, “This powerful collaboration combines Aston Martin’s 109 years of engineering mastery with the expertise of a fast-growing UK technology business. Working together with Britishvolt, I believe we can create new technologies to power benchmark-setting Aston Martin electric cars that will match our reputation for high performance and ultra-luxury with the highest standards of sustainability.”

He adds, “Supplementing the close strategic relationship with our shareholder Mercedes-Benz AG, this partnership provides Aston Martin with additional access to technology and skills to broaden our electrification options. We are proud to be partnering with a UK-based, low-carbon battery manufacturer as part of our ambition to be a leading sustainable ultra-luxury business, with a commitment to the Science Based Targets initiative Net-Zero standard.”

90GWh per annum of batteries

According to Advanced Propulsion Centre (APC) research, based on its unique relationships with vehicle manufacturers, by 2030 the UK will need over 90GWh per annum of batteries for cars and light commercials alone which represents over 11% of the total demand across Europe.

The UK offers an extremely competitive landscape for investment in the full research, development, and manufacturing ecosystem for electric vehicle technologies.

Next-generation battery cell technologies

Based out of London, Britishvolt is focused on the development of next-generation battery cell technologies and associated research and development.

The company is developing the future of electrified transportation and sustainable energy storage by producing low-carbon, sustainable, responsibly manufactured lithium-ion battery technologies.

Last month, the EV battery startup secured $54M in a Series C funding round led by cobalt mining giant Glencore. The UK company plans to raise around $264M for the round.

In January, the company secured $2.3B in private funding from the UK government through the Automotive Transformation Fund, via the Advanced Propulsion Centre to build Gigaplant shell and core in northern England. 

Orral Nadjari, Chief Executive Officer and Founder of Britishvolt says,” For a prestigious marque such as Aston Martin, staying true to its world-renowned brand of ultra-luxury, high-performance vehicles, whilst transitioning to electrification, means insisting on customised, sustainable battery cell technology that pushes the boundaries of performance. Britishvolt is excited to be collaborating with Aston Martin, helping accelerate that switch to electrification – I believe we make formidable partners.”

He continues, “This collaboration once again highlights the value of working hand-in-glove with customers to co-develop and manufacture tailored, sustainable, localised battery cells, allowing vehicle makers to deliver superior products. Technologies that reset the benchmarks.

We are excited about the prospect of an all-electric Aston Martin powered by Britishvolt’s low carbon, sustainable battery cells. Collaboration like this is the only way forward for a successful energy transition.”

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