If it's the little things that add up in life, then LogiCoul Solutions is well on its way to collecting more than its fair share this year.
The Sterling Heights-based startup that calls the
Macomb-OU INCubator home has made a number of base hits in 2014, putting it into position to make a significant score before the end of the year. The battery-enhancement technology startup was one of the 20 presenters at the
Michigan Growth Capital Symposium last summer and recently made the semifinals of this fall's
Accelerate Michigan Innovation Competition. It also received the patent for its technology last July.
"That's very exciting for us," says David Stout, executive vice president of
LogiCoul Solutions.
The 6-year-old company is developing technology that sends electromagnetic waves to a battery, which lowers resistance and creates more useful energy. The bottom line is a longer-lasting and more energy-efficient battery. The company started out with the idea of using it on lithium-ion batteries but switched to a lead-acid battery focus to take advantage of a much bigger market.
"We have never met a battery our process didn't like," Stout says.
The three-person startup is currently looking to hire a vice president of engineering. It also hopes to lock down a seed capital round later this year or early next year to continue the push toward developing its technology.
Source: David Stout, executive vice president of LogiCoul Solutions
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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