Volkswagen Invests $ 10 Million in Battery Startup

German vehicle giant Volkswagen (DE: VOWG_p) invests $ 10 million in a startup, Forge Nano, which focuses on battery research.

Forge Nano examines a material coating technique that further improves battery performance. Volkswagen will contribute in connection with industrial tests, according to a press release.

The deal requires the approval of the authorities. The two companies have worked together since 2014.