BorgWarner has invested in CelLink, a company which develops large, high-conductance flexible circuits for the automotive and energy storage industries.
The Series C equity investment complements BorgWarner’s technology investments as well as its Charging Forward electrification strategy announced during the company’s Investor Day earlier this year.
As part of its presentation, BorgWarner unveiled its goal of having 45% of total sales generated from EV technology in 2030 by accelerating the shift towards electrification. As part of its strategy, the supplier is enhancing its focus on technologies as well as partnerships and investments that support customers as they make the shift to electrification.
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By GlobalData“CelLink’s superior circuit technology is well suited for a wide range of automotive applications, with great potential for battery packs and next-generation vehicle wiring and closely aligns with our Charging Forward strategy,” said BorgWarner CTO, Harry Husted.
“As one of our many efforts to realise our electrification goals, we anticipate this investment will reinforce and complement the competitive advantage of our products in all major markets and help fulfil our vision of a clean, energy-efficient world.”
CelLink, based in San Carlos, California, manufactures flexible circuits that enhance electrical, thermal and mechanical system properties for batteries and other devices requiring power and data transmission.
BorgWarner says CelLink’s circuits are lighter, take up less space, are more electrically and thermally conductive, are more affordable and are able to span larger areas than traditional flexible circuits; all accomplished with zero design-specific tooling.
Beyond electric vehicle battery applications, its circuits enable next-generation vehicle electronic architectures where high-power and high-speed data transmission can be combined into a single flexible circuit, simplifying vehicle electrical distribution systems.
“As electrification takes hold in the automotive industry, it is more important than ever the industry adopts intelligent wiring systems that minimise complexity and weight,” added CelLink CEO, Kevin Coakley.
“We are very pleased to have BorgWarner join as an investor, fortifying the significant impact our products will have on the future of electrified transportation.”
BorgWarner’s investment will support CelLink’s next phase of growth, in which it expects to expand its manufacturing capacity.
In recent years, BorgWarner has grown its electrification portfolio through investments, acquisitions and partnerships with companies such as CelLink.
BorgWarner became an investor in CelLink on 11 June, 2021.
https://www.borgwarner.com/newsroom/press-releases/2021/08/16/borgwarner-invests-in-cellink-expanding-electrification-efforts
