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The race to build a better battery has drawn in some of the world’s biggest innovators — notably billionaire CEO Elon Musk, who is one of the players in the global drive to invent a low-cost, powerful battery to fuel the next-generation of electric cars.

Waterloo Engineering automotive research projects are receiving financial support from the Canada Foundation for Innovation's (CFI) Automotive Partnership Canada Fund. The two initiatives will help improve fuel efficiency: one by developing lightweight parts and the other by designing intelligent control systems.

In April, construction crews began stripping down an old laboratory tucked among the engineering buildings on the University of Waterloo campus.

They are creating a research facility with three different labs, or cells, working toward a common objective: smarter, more energy-efficient automobiles, with reduced emissions.

A group of University of Waterloo researchers say the salvage yard need not be the end of the road for exhausted electric-vehicle (EV) batteries. They’ve found that refurbished EV batteries can have a second career as power sources for everything from lighting to refrigeration.

Read more at Waterloo Stories

Miovision, a Kitchener-based company founded by systems design engineering graduates announced the closing of $30 million CAD in their Series B financing round earlier this week. The investment will help expand the company’s workforce and accelerate their vision of smart cities and cloud-based traffic management technology.