Global Venturing – Porsche Ventures backs extreme-weather battery developer South 8

The startup, which makes batteries designed to perform better in extreme heat and cold, also has Lockheed Martin, LG, Taiyo Nippon Sanso and Shell as backers.

Porsche Ventures, the corporate venture capital arm of sports car producer Porsche, invested an undisclosed amount in advanced lithium-ion battery developer South 8 Technologies today.

San Diego-based South 8 is working on lithium-ion batteries equipped with LiGas, a blend of non-toxic, non-corrosive gases it has developed that liquefies under pressure. LiGas is designed to provide higher amounts of energy, particularly in low temperatures, while charging more quickly and reducing fire risk.

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