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Caterpillar invests in battery technology

By Stephen Elliott

January 13, 2023

Caterpillar logoCaterpillar, Irving, Texas, is investing in Lithos Energy, San Rafael, Calif., a battery technology company that produces lithium-ion battery packs. 

“Caterpillar’s collaboration with Lithos supports our commitment to delivering robust electrified products and solutions for our customers,” said Joe Creed, group president, Caterpillar’s energy and transportation segment. “Cat equipment, regardless of its power source, is designed to operate in the most demanding conditions. Lithos’ experience manufacturing battery packs for similarly demanding environments will be an asset as we continue our electrified product development.” 

Lithos specializes in designing, engineering and manufacturing shock resistant and high performance battery solutions for applications, including off-road and marine. 

“We are extremely excited to be working with Caterpillar, especially at a time when the leading construction machinery and equipment manufacturer is entering a new age of efficiency and reduced emission operation,” said James Meredith, CEO, Lithos Energy. “Caterpillar’s forward thinking, commitment to electrification and leadership position on the global stage for equipment manufacturers make this an ideal match. This funding will enable Lithos to accelerate technology development and scale up manufacturing capacity as we look forward to providing increasingly advanced product offerings to our new and existing customers.”