Caterpillar invests in Lithos Energy for battery pack development

Caterpillar Inc announced the company is investing in Lithos Energy, Inc., a U.S.-based battery technology company that produces lithium-ion battery packs.

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

Caterpillar’s investment in Lithos further demonstrates Caterpillar’s commitment to support customers in the energy transition with lower-carbon advanced power technologies for its hybrid and full-electric machines and power generation products. The company recently displayed four electric construction machine prototypes, including battery prototypes, at bauma 2022 in Munich, Germany and successfully demonstrated its first battery electric 793 large mining truck at its Tucson Proving Ground in Arizona.