Electrovaya has received an initial payment of US$1.3 million from Miljøbil Grenland AS for a technology license enabling battery and electric car production at a new plant in Norway. (Earlier post.)
Electrovaya is partnering with Miljøbil to produce batteries and electric cars in Norway and is providing its proprietary Lithium-ion SuperPolymer battery technology. The zero emission electric vehicles will be sold in Europe and globally.
Electrovaya’s SuperPolymer technology is independent of the composition of the positive electrode active material. In 2007, the company introduced its MN-Series—a Lithiated Manganese Oxide based system—which offers up to 50% higher energy density and comparable safety characteristics to Electrovaya’s Phosphate-Series chemistry.