Solid-state batteries, and the massive addressable market associated with it, could just be Act 1 for the Company. Sakuu represents an opportunity for such a fundamental step change in manufacturing through its high-volume, multi-material, additive manufacturing Kavian platform – something that has impressed even a printing industry veteran like me. Plum Chairwoman Ursula Burns says, “I’ve always been fascinated by fundamental step changes in approach that unlock significant value in otherwise incrementally evolving industries. With this proposed merger, the strong support of the exceptional leadership team at Plum, and our dedicated investors, we feel Sakuu is well-positioned to create a paradigm shift in complex manufacturing, starting first with batteries.” We are not a concept company-we have successfully and consistently printed high-performance batteries since December 2022 and, with this progress, we have entered the first stages of commercialization. Since 2016, our talented team, with deep and diverse industry expertise, has worked diligently to develop Kavian, along with our next-generation battery products. We believe Kavian is the only known solution for producing heavily in-demand products, such as solid-state batteries, that can be custom-printed rapidly and cost-effectively-taking next-generation battery manufacturing to realms never imagined. Our high-volume Kavian solution for printing batteries can potentially leapfrog decades of manufacturing stagnation. Sakuu Founder and Chief Executive Officer Robert Bagheri said, “The arrival of transformative additive manufacturing will have profound implications across global legacy manufacturing. Sakuu aims to first deliver the next-generation solid-state battery necessities for large industries, like grid energy storage, e-mobility, aviation, industrial, electronic goods, and electric automobiles, with the Kavian platform and throughout its battery product lines (EVs).Ĭomments provided by the company management team Clients in various markets have been evaluating and testing samples of Sakuu’s safe, non-flammable highly efficient Li-metal anode battery since the third quarter of 2021. Sakuu plans to license its battery chemistries and market its Kavian platforms to businesses looking to implement cleaner, superior, and cost-effective energy on an extensive scale. SwiftPrint batteries also provide custom form factors and sizes, increased energy density, reusability, and anticipated process, material, and energy efficiency gains when compared to conventional battery manufacturing techniques. Sakuu aims to solve crucial problems that are regarded to impede commercial-scale production of solid-state batteries by trailblazing SwiftPrint solid-state batteries from its Kavian AM platform. Sakuu, which was founded in 2016, is commercializing next-generation lithium (Li) metal batteries and Li-metal all-solid-state batteries, which will be produced in bulk using proprietary multi-material, multi-process AM technologies. This comes at the heels of Sakuu achieving the milestone of 3D printing completely operational performant batteries in custom shapes and sizes since December 2022. The transaction has an estimated enterprise value of $705 million USD. and registered on a US national exchange under the ticker symbol ‘SAKU’. I (Plum) have announced the signing of a definitive business combination agreement that will lead to Sakuu becoming a publicly traded enterprise.Īfter the proposed transaction is completed, the merged entity will be renamed Sakuu Holdings Inc. Kavian platform, SwiftPrint batteries manufacturer Sakuu Corporation and a Special Acquisition Company (SPAC) Plum Acquisition Corp.
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