Caterpillar subsidiary Caterpillar Venture Capital made a strategic investment in Fisker, an e-mobility and technology company developing electric vehicles and proprietary solid-state battery technologies.

Fisker’s solid-state batteries 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.

Caterpillar Venture Capital assists entrepreneurs around the world to grow and scale their businesses by leveraging Caterpillar’s industry expertise, supply base and independent dealer network. Caterpillar Ventures focuses on robotics, energy, advanced materials, and digital solutions.