Fisker Inc. gets funding from Caterpillar

Fisker Inc., an e-mobility and technology company developing electric vehicles and proprietary solid-state battery technologies, has received a strategic investment from Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Inc. It is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

California-based Fisker Inc. is revolutionising the automotive industry by developing the most emotionally desirable electric vehicles complemented with the longest range and shortest charging times on earth. Its solid-state batteries present the next generation post-lithium-ion era of future battery technologies, that offer bulk electrodes with high energy densities, enhanced safety, faster charge times and lower costs.

While Caterpillar and Fisker serve fundamentally different industries, advancements in electrification technologies pose increasing importance and offer the potential to positively impact customer value for the right products, a joint statement said.

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