As part of its strategy to enhance its focus on technologies, partnerships and investments that support customers shifting to electrification,
BorgWarner has invested in CelLink Corporation, which develops large, high-conductance flexible circuits for the automotive and energy storage industries.
This Series-C equity investment complements BorgWarner’s technology investments and its Charging Forward electrification strategy that was announced during the company’s Investor Day earlier this year.
As part of its presentation, the company unveiled its goal of having 45% of its total sales generated from EV technology in 2030 by accelerating its shift toward electrification.
In recent years, BorgWarner has strategically and deliberately grown its electrification portfolio through investments, acquisitions and partnerships with companies with core strengths in the electrification ecosystem.
CelLink, based in San Carlos, California, manufactures innovative, flexible circuits that enhance electrical, thermal and mechanical system properties for batteries and other devices requiring power and data transmission. Its circuits are lighter and occupy less space. Besides, they are more electrically and thermally conductive, more affordable, and span larger areas than traditional flexible circuits – all accomplished with zero design-specific toolings. Beyond electric vehicle battery applications, its circuits enable next-generation vehicle electronic architectures where high-power and high-speed data transmission can be combined into a single flexible circuit, dramatically simplifying vehicle electrical distribution systems. BorgWarner’s investment will support CelLink’s next phase of growth, in which it expects to expand its manufacturing capacity.
Harry Husted, Chief Technology Officer, BorgWarner, said, “CelLink’s superior circuit technology is well suited for a wide range of automotive applications, with great potential for battery packs and next-generation vehicle wiring, and closely aligns with our Charging Forward strategy. As one of our many efforts to realise our electrification goals, we anticipate this investment will reinforce and complement the competitive advantage of our products in all major markets and help fulfill our vision of a clean, energy-efficient world.”
Kevin Coakley, CEO, CelLink, said, “As electrification takes hold in the automotive industry, it is more important than ever that the industry adopts intelligent wiring systems that minimise complexity and weight.”