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, USA.
Alliance Ventures was launched last 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 capability of Enevate in breakthrough Li-ion batteries capable of extreme fast charging with high energy density.
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.
Enevate’s HD-Energy Technology for EVs features five-minute fast charging with high energy density and long driving range with added focus on low-temperature operation for cold climates, low cost and safety benefits. This short charging time is superior to any other Li-ion technology available today.
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.