Twists and Turns in Path from Lab to Startup to Major Acquisition

How Berkeley Lab battery spinoff Seeo got acquired by a major multinational company

Written byLawrence Berkeley National Laboratory
| 4 min read
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As often happens in science, what started as a research project to make one thing turned into something completely different. Lawrence Berkeley National Laboratory (Berkeley Lab) researchers Nitash Balsara and Hany Eitouni were developing an electroresponsive polymer that turned out to be not such a good artificial muscle, their original goal, but an excellent basis for a battery electrolyte—so good, in fact, that it was recently acquired by a major multinational company.

Their journey from the research lab to startup to corporate acquisition took 12 years but culminated in one of the most successful outcomes for a battery startup in recent years or for the more than 40 startups based on Berkeley Lab technology that have launched since 1990.

Seeo, the startup founded by Balsara and Eitouni along with Berkeley Lab researcher Mohit Singh, announced recently that it was being acquired by Bosch, a German multinational that makes appliances and industrial parts and is the world’s largest supplier of automotive components. The terms of the deal were not disclosed.

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