California-based Fisker Inc., an e-mobility and technology company developing electric vehicles (EVs) and proprietary, solid-state battery technologies, has secured a strategic investment from Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Inc.

Fisker says its solid-state batteries offer bulk electrodes with high energy densities, enhanced safety, faster charge times and lower costs.

The company says Caterpillar Ventures’ investment illustrates a mutually recognized importance of future electrification solutions for multiple business segments. Though the two companies serve fundamentally different industries, advancements in electrification technologies are posing an increasing importance, explains Fisker.

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