Sakti3, a lithium-ion battery start-up company based in old Detroit got its start in 2007 with the help of University of Michigan professor Ann Marie Sastry. Now, we hear that the company has not only secured $15 million capital for its project, but is also doing paperwork to get an additional $15 million from the Department of Energy. Sastry is being supported by Michigan Gov. Jennifer Granholm and Sen. Carl Levin (D-MI). The aim? Manufacturing lithium-ion batteries. The company is talking about a pilot factory in Michigan in 2010. The company is collaborating with GM and Sastry herself helped retrain 50 GM engineers on alternative propulsion technology at the University of Michingan's GM Advanced Battery Coalition for Drivetrains.
[Source: Mlive]

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