Renault-Nissan-Mitsubishi Alliance invests in Enevate to advance Si-dominant Li-ion battery technology for EVs
Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has invested in the latest round of funding in Enevate Corporation, an advanced lithium-ion (Li-ion) battery technology company based in Irvine, California. (Earlier post.)
The investment reflects the capability of Enevate in advanced Li-ion batteries capable of extreme fast charging with high energy density and safety. Enevate’s technology could enable electric vehicles (EVs) to charge in the same time as refueling conventional cars.
Enevate’s HD-Energy 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.
Investors in Enevate include Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures – a Sumitomo Corporation company, CEC Capital, Samsung, Lenovo, LG Chem (earlier post), and the Alliance (Renault-Nissan-Mitsubishi).