Japanese Marubeni Corporation signs investment agreement to expand Skeleton's high-performance battery production in Germany

Manufacturer and provider of fast charging for transport, grid, automotive and industrial applications Skeleton Technologies, has signed an investment agreement with the traditional Japanese company Marubeni Corporation, the aim being to serve demand for the SuperBattery.
Japanese Marubeni Corporation signs investment agreement to expand Skeleton
Courtesy of Skeleton Technologies.

The aim of Marubeni's investment is to expand Skeleton's production capacities in Germany. This is intended to serve the rapidly growing demand from the SuperBattery.

“We are proud and grateful for the support and trust of Marubeni Corporation” said Taavi Madiberk, Co-Founder and CEO of Skeleton Technologies. “Far more than just an investor, Marubeni is a strategic partner for Skeleton and has helped us gain excellent market access in Asia, particularly in the heavy machinery, vehicle and automotive sectors. We are very satisfied with the demand for our SuperBattery and urgently need to expand our production capacities. We will continue to work closely with Marubeni in the future, benefiting from the company's worldwide distribution network and experience in the energy sector."

Skeleton has validated its technology and competitive advantage in real-world applications. The company focuses on the segment of energy storage technologies with high performance and fast charging, filling an important gap in the market. Skeleton is currently building up production of its Supercapacitor product line in a new facility near Leipzig and plans to expand production of its SuperBattery product.

The sales cooperation between Skeleton and Marubeni extends to Asia with the exception of China and India. The Japanese conglomerate, with annual sales in excess of 50 billion euros, will distribute Skeleton's products in the region, support business development and customer acquisition for Skeleton's super battery in Asian markets, and leverage its relationships with existing customers to develop new applications for Skeleton's patented ‘Curved Graphene’ to use.

The two companies have been strategic partners since March 2021.

“Since Marubeni joined Skeleton as a strategic partner in March 2021, we have received positive feedback on Skeleton's products from the manufacturing industry and have worked together to realize SuperBattery applications develop” added Masayuki Omoto, COO of Marubeni Corporation's Next Generation Business Development Division. “We see significant potential in the area of electrification of heavy-duty vehicles, electrified and hybrid vehicles, and energy storage in the power grid. We believe our investment will help Skeleton expand its SuperBattery mass production capabilities, bring it to market as quickly as possible and accelerate the company's growth. Given the market demand for high performance batteries and supercapacitors, we see Skeleton on the path to becoming one of the world's leading next-generation battery companies.”

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