Boeing HorizonX invests in battery technology startup

Boeing HorizonX Ventures has invested in Cuberg, a next-generation battery technology startup, the company said this week.

The investment marks the first by Boeing's innovation cell in an energy storage company.

"Cuberg developed an advanced battery cell that is designed to be a drop-in solution to existing large-scale battery manufacturing processes," Boeing said in its announcement. "It combines a lithium metal anode, proprietary electrolyte and high-voltage cathode to achieve high-energy density and thermal durability."

The Berkeley, CA-based Cuberg was established in 2015 and has had several rounds of financing. Boeing said Boeing HorizonX Ventures led this second seed investment round, which also included a follow-on investment by HPC Energy Services.