Alliance Ventures invests in Enevate

Posted on 22 Dec 2018 and read 450 times
Alliance Ventures invests in Enevate Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi (www.alliance-2022.com), 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, which was 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”.

The investment reflects the capabilities of Enevate in “breakthrough Li-ion batteries capable of extreme fast charging” with high energy-density and safety.

Enevate’s technology, which could allow electric vehicles (EVs) to charge in the same time as refuelling conventional cars, is seen as a leader in its field.

Enevate (www.enevate.com) president and CEO Robert Rango said: “We share the common goal of making electric vehicles easier to use and adopt in mass markets.

“We look forward to our strategic partnership with Renault-Nissan-Mitsubishi, as they are a global leader in electric vehicles and understand the market needs of EV consumers world-wide.”

Enevate’s HD-Energy Technology for EVs features 5min fast charging with high energy density and long driving range, with the added capability of low-temperature operation in cold climates.

Enevate licenses its silicon-dominant HD-Energy Technology to battery and EV automotive manufacturers and suppliers world-wide.

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