Akasol AG
TypeAktiengesellschaft
Founded2008 (2008)
HeadquartersDarmstadt, Germany
Key people
Sven Schulz (CEO), Carsten Bovenschen (CFO)
Productslithium-ion cells for vehicles and renewable energy systems
Number of employees
284 (as of 2019)
Websiteakasol.com

Akasol AG is a German manufacturer of batteries for electric vehicles. Akasol was founded in 2008. Its headquarters and main manufacturing site are located in Darmstadt. A manufacturing site in Detroit was opened in 2019. In 2021, the company was acquired by the American automotive supplier BorgWarner.[1]

History

The Company emerged from a solar technology team founded in 1989 at the Darmstadt University of Technology's Department of Electrical Engineering and Information Technology. The student team developed a number of solar and battery driven cars, aiming at low energy consumption.[2]

In 2008, members of the team founded the Akasol Engineering GmbH, a for-profit company for developing Lithium-ion batteries and an electric car suitable for everyday use. The name was changed to Akasol GmbH in 2012.[3]

In June 2018 the company went public as Akasol AG. Starting from June 2021, BorgWarner took over a majority of Akasol.[1][4]

In August 2021, a factory with 15,000 m², called "Gigafactory 1" went operational in Darmstadt. Production capacity is up to 1 GWh during the first stage, and by 2022 is planned to increase to 2.5 GWh.[5]

References

  1. 1 2 Vinoski, Jim. "Primed For Growth, German Battery Maker Akasol AG Is Coming To America". Forbes. Retrieved 2023-08-08.
  2. ↑ "Neue Gigafactory: Deutscher Batterie-Spezialist Akasol: "Mehr Erfahrung als Nikola, Tesla und Hyzon zusammen"". www.handelsblatt.com (in German). Retrieved 2022-11-08.
  3. ↑ "20. C. Die Bekanntmachungen", Die Folgen der falschen Eintragungen in das Handelsregister, De Gruyter, pp. 56–57, 1898-12-31, retrieved 2022-11-16
  4. ↑ "BorgWarner finalizes takeover of battery systems maker Akasol". Automotive News. 2021-06-04. Retrieved 2023-08-08.
  5. ↑ "Gigafactory eröffnet - omnibus.news" (in German). Retrieved 2022-11-08.


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