Tesla might have bought a number of patents from a small Canadian startup outlining cleaner, extra reliable batteries for simply $3.
Paperwork obtained by TechCrunch reveal that Tesla acquired the patents from Canadian firm Springpower Worldwide. Following this report, the firm’s web site has gone almost totally clean and solely options the message “Questions? Data@springpowerintl.com.”
TechCrunch studies that Tesla bought the patents solely two weeks earlier than its September 2020 Battery Day occasion. The public file associated to the acquisition states the next:
“Subsequently, for $3.00 and good and precious consideration, the receipt and sufficiency of which is hereby acknowledged, the events agree as follows…”
One patent outlines a way for recirculating the chemical options used to make lithium-ion batteries. Manufacturing the cathodes for EV batteries sometimes generates a major quantity of contaminated water, together with poisonous chemical substances, steel particles, and ammonia. This new system could be extra environmentally pleasant and environment friendly, in line with the doc. Drew Baglino, Tesla’s senior vice-president of engineering, described the same system on stage throughout Battery Day.
TechCrunch means that Tesla doubtless bought the startup outright and didn’t simply purchase its patents. For instance, a number of Springpower workers’ LinkedIn profiles point out that they now work at Tesla.
That stated, the electrical car big hasn’t revealed any new acquisitions.
Throughout Battery Day, Tesla CEO Elon Musk revealed that the corporate’s developments within the battery house will enable it to promote a $25,000 USD (about $30,000 CAD) EV in roughly three years.