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DiDi s $3 Bln Options Payday: Who Might Have Gained?
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Enevate s Next Generation Battery Technology Provides Lower Carbon Footprint During Electric Vehicle (EV) Manufacturing
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Enevate announces new production license agreement for silicon-dominant battery technology
Enevate, a battery company featuring extreme fast-charge and high-energy-density battery technologies for electric vehicles (EVs) and other markets (earlier post), announced a new production license agreement with EnerTech International to commercialize Enevate’s silicon-dominant, XFC-Energy battery technology in the transportation, mobility and reserve power markets.
South Korea-based EnerTech International is a leader in delivering lithium-ion cells using state-of-the-art manufacturing facilities to produce high-performance, large format batteries.
This production license agreement with EnerTech is the next milestone in Enevate’s technology roadmap that leads to commercialization scheduled for 2022. Pre-production batteries have been built and tested using EnerTech’s existing lithium-ion battery manufacturing equipment. With the agreement, Enevate will deliver enabling technology to
Enevate secures $81M Series E; silicon-dominant Li-ion battery technology
Enevate, a developer of advanced silicon-dominant lithium-ion (Li-ion) battery technology featuring extreme fast charge and high energy density for electric vehicles (EVs) and other markets (earlier post), has secured an $81-million Series E funding led by Fidelity Management & Research Company. Existing investors Mission Ventures and Infinite Potential Technologies also participated in the round. With this latest funding round, Enevate has raised $191 million to date.
Enevate said that the investment would enable it to expand significantly its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate’s silicon-anode-based batteries. The funding would also enable Enevate to scale and grow. Included will be the hiring of additional personnel with an emphasis on scientists and engineers.
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