Dyson Invests $15 Million in U.S. Battery Producer, FT Reports

(Bloomberg) — Dyson Ltd., the U.K. maker of vacuum
cleaners, invested $15 million in a U.S. company that’s
developing long-life and compact batteries, the Financial Times
reported.

Sakti3, based in Michigan, will give Dyson exclusive rights
to make and use its batteries in current products including
cordless and robotic vacuums, as well as in new product lines,
the FT said.

Dyson Chairman and founder James Dyson said he wants to use
the batteries in his products within three years, according to
the newspaper. The batteries have double the energy density of
existing lithium-ion models used in mobile phones and laptops.
They also have a longer life and are safer, the FT said.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Amanda Jordan, Tony Barrett

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