Alliance Ventures Invests in Enevate to Advance Li-ion Battery Technology for Electric Vehicles

Automotive Press Releases Wednesday November 14, 2018 08:34
PARIS and IRVINE, California--14 Nov--PRNewswire/InfoQuest
Enevate's silicon-dominant Li-ion technology features extreme fast-charging capabilities with high energy density and improved safety

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.

(Logo: http://mma.prnewswire.com/media/556610/Renault_Nissan_Mitsubishi_Logo.jpg )

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 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 and safety. 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," says 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(R) Technology for EVs features five-minute fast charging with high energy density and long driving range, with the added capability of low-temperature operation in cold climates, low cost, and safety benefits. This short charging time is superior to any other Li-ion technology available today to meet automotive EV requirements for energy density, range, safety, and cost.

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 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.

https://www.alliance-2022.com/news/alliance-ventures-invests-in-enevate-to-advance-li-ion-battery-technology-for-electric-vehicles/
Source: Renault-Nissan-Mitsubishi

Latest Press Release

Nissan and Delta pioneer Thailands first partnership to enable EV-home charging

Landmark partnership unites the world's best-selling Electric Vehicle, the Nissan LEAF, with global power supply provider to support Thailand's electrification roadmap Nissan in Thailand announced on May 21 the official appointment of Delta Electronics...

Reevoo and J.D. Power Combine Strengths to Lead Automotive Consumer Insights Space in the US

In the automotive space, Reevoo, global leader in customer-sourced review technology, and J.D. Power, the global leader in data analytics and consumer intelligence, today announced an exclusive alliance. This union will create J.D. Power Verified...

Alliance Ventures Focuses on Disruptive Technology Through New Partnership With Plug and Play China

- Three-year agreement will expand Alliance Ventures' reach in China and provide Plug and Play start-ups with access to the world's largest automotive alliance - Partnership will add to Alliance Ventures' efforts to remain at the cutting edge of...

Dachser names Jan-Michael Beyer as Thailand lead

Jan-Michael Beyer was appointed Managing Director Air & Sea Logistics Thailand on April 27, 2019. In his new role, he reports to Edoardo Podesta, Managing Director Air & Sea Logistics Asia Pacific. Prior to his latest appointment, he was Country...

Polyplastics# New DURACON (R) POM Grade Combines Durability and Sliding Performance

Polyplastics Co., Ltd., a leading global supplier of engineering plastics, announced the launch of a new polyoxymethylene (POM) grade, DURACON (R) POM WW-09, which combines high strength with good creep and sliding properties. Polyplastics, a leading...

Related Topics