John Deere acquires electric battery specialist with raceboat links

John Deere has signed an agreement to acquire a majority stake in Kreisel Electric, a battery technology provider based in Rainbach im Mühlkreis, Austria. Kreisel develops high-density, high-durability electric battery modules and packs, and has also developed a charging infrastructure platform (CHIMERO) that utilises this patented battery technology. In June last year Kreisel announced it would be supplying the battery for each electric RaceBird powerboat competing in the new E1 powerboat racing series, set to begin in early 2023. Kreisel’s bespoke battery solutions for E1’s RaceBirds will enable them to achieve fast acceleration and longer range between charges.