Dyson acquires Ann Arbor's Sakti3 for $90M

It's the kind of acquisition many a startup hopes will come true: lithium-ion battery developer Sakti3 was bought by UK vacuum-maker Dyson to the tune of $90 million.

No plans have yet been announced for where the battery production facility will be based but Michigan is a possibility.

Excerpt:

"The $90 million acquisition — first reported by business-news site Quartz — reflects a win for clean-tech investors in Sakti3, including General Motors and Khosla Ventures. Dyson itself had already invested $15 million in Sakti3.

The University of Michigan spinoff company's founder and CEO Ann Marie Sastry will lead development of her technology as an executive for Dyson."

Read the rest here.

 
Signup for Email Alerts