Enevate’s
silicon-dominant Li-ion technology features extreme fast-charging
capabilities with high energy density and improved safety
PARIS & IRVINE, Calif.-Thursday 15 November 2018 [ AETOS Wire ]
(BUSINESS
WIRE) -- Alliance Ventures, the strategic venture capital arm of
Renault-Nissan-Mitsubishi, has announced today that it has invested in
the latest round of funding in Enevate Corporation, an advanced
lithium-ion (Li-ion) battery technology company based in Irvine,
California. This marks the latest technology investment by Alliance
Ventures, launched earlier this year to support start-ups, early-stage
development, and entrepreneurs at the cutting edge of next-generation
systems for the automotive industry.
Francois
Dossa, Alliance Global Vice President, Ventures and Open Innovation,
said: “We are pleased to participate in Enevate’s latest funding round.
This strategic investment allows us to support the development of
Enevate’s proprietary, cutting-edge electrode technology. Continued
development in this critical field will help us accelerate the
electrification of our vehicles.”
The
investment reflects the capability of Enevate in breakthrough Li-ion
batteries capable of extreme fast charging with high energy density.
Enevate’s technology, which could enable electric vehicles (EVs) to
charge in the same time as refueling conventional cars, is seen as a
leader in its field.
“We
share the common goal of making electric vehicles easier to use and
adopt in mass markets,” said Enevate President and CEO Robert A. Rango.
“We look forward to our strategic partnership with
Renault-Nissan-Mitsubishi, as they are a global leader in electric
vehicles and they understand the market needs of EV consumers
worldwide.”
Enevate’s
HD-Energy® Technology for EVs features five-minute fast charging with
high energy density and long driving range with added focus on
low-temperature operation for cold climates, low cost and safety
benefits. This short charging time is superior to any other Li-ion
technology available today.
Enevate
licenses its silicon-dominant HD-Energy Technology to battery and EV
automotive manufacturers and suppliers worldwide to quickly achieve
production volume and drive adoption of next-generation features that
take EVs to the next level.
ABOUT ENEVATE
Enevate
Corporation, with global headquarters in California, USA, develops and
licenses advanced silicon-dominant Li-ion battery technology that
revolutionizes the electric vehicle (EV) market by breaking down
barriers to EV adoption. Enevate's pioneering work on silicon-dominant
anodes and cells has resulted in its breakthrough HD-Energy® Technology
featuring extreme fast charging with uncompromised high energy density,
excellent low-temperature operation for cold climates, low cost, and
safety advantages over conventional graphite Li-ion batteries.
Investors
include Mission Ventures, Draper Fisher Jurvetson, Tsing Capital,
Infinite Potential Technologies, Presidio Ventures – a Sumitomo
Corporation company, CEC Capital, Samsung, Lenovo, LG Chem, and the
Alliance (Renault-Nissan-Mitsubishi). Enevate, the Enevate logo,
HD-Energy, and eBoost are registered trademarks of the Enevate
Corporation. To learn more about, or to license, Enevate’s
industry-defining battery technology, visit www.enevate.com.
ABOUT RENAULT-NISSAN-MITSUBISHI
Groupe
Renault, Nissan Motor Company, and Mitsubishi Motors represent the
world’s largest automotive alliance. It is the longest-lasting and most
productive cross-cultural partnership in the auto industry. Together,
the partners sold more than 10.6 million vehicles in nearly 200
countries in 2017. The member companies are focused on collaboration and
maximizing synergies to boost competitiveness. They have strategic
collaborations with other automotive groups, including Germany’s Daimler
and China’s Dongfeng. This strategic alliance is the industry leader in
zero-emission vehicles and is developing the latest advanced
technologies, with plans to offer autonomous drive, connectivity
features, and services on a wide range of affordable vehicles.
www.alliance-2022.com
www.media.renault.com
www.nissan-newsroom.com
www.mitsubishi-motors.com/en/newsrelease/
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181113005136/en/
Contacts
MEDIA CONTACTS
Enevate
Chelsey Kruger, +1 480 775 8880, ext. 4017
media@enevate.com
or
Alliance Communications, Renault-Nissan-Mitsubishi
Caroline Sasia, +33 (0) 6 11 30 36 71
caroline.sasia-lallier@alliance-rnm.com
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