New Generation of Power Separators for Electric Vehicles
Covestro announced the winning team of its start-up challenge focuses on electromobility. The challenge awards up to one million euros in start-up capital for the best internal business idea. This team of winners wants to improve the reliability and efficiency of Li-ion batteries and contribute to sustainable development of the electric vehicles sector, according to a company press release.
“The winning idea has the potential to respond to the major challenges of our time, such as climate change and global population growth, and to contribute to sustainable mobility,” said Sucheta Govil, Chief Commercial Officer of Covestro, in the company press release. “Our goal is to use our solutions to expand the circular economy in the plastics industry and make the world a better place to live. The ideas and teams that took part in the Start-up Challenge help us to achieve this goal faster by designing concepts for more sustainable product lifecycles.”
The winners were chosen at the K 2019 plastics trade fair in Düsseldorf. The winners prevailed against five other projects from different business areas. In total, more than 200 applications for the second round of the internal competition were received worldwide this year.
The winning team will be released from their jobs for up to a year in order to realize their business idea and test the marketability of the products. This gives the team the chance to act as a start-up within the company and to prove their skills as founders under real conditions.
