Electric vehicles (EVs) continue to rise in popularity, with more than 10 million sold globally in 2022 and expectations of 14 million in sales this year. The International Energy Agency anticipates more sales growth, which increases the need for EV batteries. Through the Environmental Solutions Fund, Mercy Investment Services is supporting the transition to electric vehicles with safe, reliable, cost-effective EV batteries.
As auto manufacturers accelerate their commitments to EVs, battery cell production needs to grow by 10 times this decade, while reducing costs and waste and maintaining quality and consistency. Liminal’s EchoStat platform uses ultrasound imaging and machine learning analytics to identify issues such as damaged battery cells during the manufacturing process. This early intervention helps battery cell manufacturers and auto manufacturers enhance the safety, performance and quality of EV battery cells and reduce waste while meeting the higher demand. EchoStat’s data helps battery manufacturers increase production times by 50 percent and predict battery performance to improve reliability. Watch this short video to learn more about Liminal’s technology.
The more than 750 companies and projects in Mercy Investment Services’ Environmental Solutions Fund span technology, renewable energy, sustainable agriculture and more. Learn more about these investments on our website.