This Series C equity investment complements BorgWarner’s technology investments as well as its Charging Forward electrification strategy that was announced during the company’s Investor Day earlier this year. As part of its presentation, BorgWarner unveiled its goal of having 45% of its total sales generated from EV technology in 2030 by accelerating its shift toward electrification. As part of its strategy, the company is enhancing its focus on technologies as well as partnerships and investments that support customers as they make the shift to electrification.
“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 Harry Husted, Chief Technology Officer, BorgWarner, Inc. “As one of our many efforts to realize our electrification goals, we anticipate this investment will reinforce and complement the competitive advantage of our products in all major markets and help fulfill our vision of a clean, energy-efficient world.”
CelLink, based in San Carlos, California, manufactures innovative flexible circuits that enhance electrical, thermal and mechanical system properties for batteries and other devices requiring power and data transmission. 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, dramatically simplifying vehicle electrical distribution systems.
“As electrification takes hold in the automotive industry, it is more important than ever that the industry adopts intelligent wiring systems that minimize complexity and weight,” said Kevin Coakley, CEO of CelLink. “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.
SOURCE: BorgWarner
