Sakti3 is developing batteries for automotive use. Its CEO and founder is University of Michigan Materials Science and Engineering Professor Ann Marie Sastry.

In the news

• http://annarbor.com/business-review/request-points-to-possible-ann-arbor-expansion-for-university-of-michigan-battery-startup-sakti3

A real estate firm in negotiations with Sakti3 has requested that City Council establish an industrial development district at 1490 Eisenhower Place. That's a required legal precursor to an official tax abatement request, which generally accompanies an expansion or business investment.

• http://www.freep.com/article/20100411/BUSINESS01/4110515/1331/
• Sakti3 Raises $7 Million in Series B Financing; Plans Continued Development of Advanced Batteries, press release, April 2010

ANN ARBOR, Mich.--(BUSINESS WIRE)--Sakti3, Inc., an Ann Arbor-based developer of next-generation lithium-ion batteries, announces the completion of its $7 million Series B round of financing. The capital, from new investor Beringea and previous investor Khosla Ventures, will fund the company’s expansion of its Michigan-based research, development and manufacturing capabilities.

• Sakti3 to invest $1.1 million in Ann Arbor move, create 112 jobs, Metromode, March 2008
• Two new tech startups sprouting in Ann Arbor, Ann Arbor Business Review, March 2008
• High Tech Firms MyBuys, Sakti3 Choose Ann Arbor for New Locations, Michigan Economic Development Corporation press release, March 2008