Tuesday, October 22, 2019
News
NEWS HOME
»
PRESS RELEASES

Asian Energy Company Bangchak Invests in Enevate’s Fast-Charging EV Battery Technology
  SocialTwist Tell-a-Friend  
   


Date: 17-04-2019 11:26AM
Source: Enevate Corporation
Category: General, Environment, Automotives, Manufacturing Companies, Oil And Gas, Technology, Automobile
Location: Bangkok, Thailand & Irvine, Calif., United States

Business Wire India

California-based Enevate Corp., whose innovative battery technology is addressing extreme-fast charge times for electric vehicle (EV) batteries, announced that Thai energy giant Bangchak, through its Bangchak Initiative and Innovation Center (BiiC), has invested in the company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190416005308/en/

Enevate aims to make EV charging as fast and easy as pumping gas/petrol (Graphic: Business Wire)

Enevate aims to make EV charging as fast and easy as pumping gas/petrol (Graphic: Business Wire)

“This is a significant investment for us, not only from a financial perspective but as further indication of the energy industry’s strong interest in our groundbreaking solutions as EV demand grows and consumers demand vastly shorter battery charging times,” said Enevate CEO Robert A. Rango. “With this investment, Bangchak becomes an important partner in our mission to provide advanced battery technology that will help drive the growth of global EV markets with as little as five-minute charging times.”

Rango added: “We see a day in the not-too-distant future when EV drivers will be able to pull up to drive-thru charging stations that will look much like today’s gas stations, charge up and be back on the road in five minutes.”

“Bangchak’s investment in Enevate reflects our mission to seed innovative technologies and support continuous development of solutions in pursuit of environmental stewardship and sustainability in the energy business,” said Chaiwat Kovavisarach, President and CEO, Bangchak Corporation Public Company Limited. “Enevate is renowned for its expertise in the development of innovative extreme-fast charging lithium-ion batteries for EVs, with an ability to charge 10 times faster than current conventional batteries. We are excited to be a part of their pioneering work.”

The companies did not disclose the investment amount.

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 accelerate adoption of next-generation features that take EVs to the next level.

ABOUT ENEVATE

Enevate Corporation, with global headquarters in Irvine, Calif., develops and licenses advanced silicon-dominant Li-ion battery technology that revolutionizes the electric vehicle (EV) market by breaking down barriers to EV adoption. Enevate’s pioneering work on silicon-dominant anodes and cells has resulted in its breakthrough HD-Energy Technology featuring extreme-fast charging with high energy density, excellent low-temperature operation for cold climates, low cost, and safety advantages over conventional graphite Li-ion batteries.

Investors include Renault-Nissan-Mitsubishi (Alliance Ventures), LG Chem, Samsung, Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures – a Sumitomo Corporation company, Lenovo and CEC Capital. To learn more about, or to license, Enevate’s industry-defining battery technology, visit www.enevate.com. Enevate®, the Enevate logo, HD-Energy, and eBoost® are registered trademarks of the Enevate Corporation.

ABOUT BANGCHAK

Bangchak Corporation Public Company Limited is a Thai energy company engaging in business alongside social and environmental stewardship. Bangchak is committed to bringing disruptive and Greenovation, founded on good corporate governance, through inclusiveness and sustainability, for industrial transformation. Its core businesses include petroleum refining, gas service stations, green power plants and bio-based business. The Bangchak Initiative and Innovation Center (BiiC), with a focus on New S-Curves Businesses, comprises three divisions: Research & Development, Corporate Venture Capital, and Ecosystem & Incubation.


MULTIMEDIA AVAILABLE :
https://www.businesswire.com/news/home/20190416005308/en/


CONTACTS :

Media Contact:
Bill Blanning
media@enevate.com
714-916-4309

More Press Releases

AROMA BIT Secures 350mn JPY in Series A Funding from Japan Tobacco and East Ventures

Alibaba Kicks Off 2019 11.11 Global Shopping Festival

Delhi’s Vivaan Gupta Becomes the Youngest Indian to Travel All Continents of the World

Growing Sustainability Concerns Will Shape the Indian Soft Drinks Industry

Retrospective Real-World Comparative Analysis Highlights Safety of Vedolizumab and Anti-TNFa Therapies in Biologic-Naïve Patients with Ulcerative Colitis or Crohn’s Disease

ADX Group Announces IPO Progress, New Cyber Security Offerings

Delta Launches Its Latest Power Quality Solutions and 4K Laser DLP® Video Wall for Railway Transportation at IREE 2019

Kartik Mohindra Now a Part of Keepers of the Quaich, a Global Celebration of Scotch Whisky

Topcoder On-Demand Digital Talent Platform Includes New Data Science, AI Features to Advance Enterprise Analytics

Marconi Society's Celestini Program Recognizes Indian Students Tackling Women's Safety & Air Pollution

Market Leading Manufacturing Companies in India Recognized for Their Global Competitiveness

Winners of “Merck More Than a Mother” Fashion Awards - Zambia Announced by Merck Foundation With the Aim to Break the Stigma Around Infertile Women

Raysut Cement Subsidiary, Pioneer Cement, to Develop USD200 Million Georgia Cement Project

Sparkling Diwali Offers: #JustEMI Your Purchases With Bajaj Finserv During Flipkart’s Big Diwali Sale

New Research Reveals Updated Patient Preferences on Digital Health Technology

The Federal Councilor, Simonetta Sommaruga of Switzerland, Department of Environment, Transport, Energy and Communications, Visits the ABB Ability Innovation Center in Bengaluru

RIMES Opens New Operational Hub in Manila

Bina Modi Conferred With Ph.D., Honoris Causa by Dr. K.N. Modi University

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Exit polls are showing clear victory for...
Delhi: Auto driver held for cheating US ...
PMC Bank scam: Depositors stage protest ...
Will demand death sentence for killers o...
Delhi HC issues notice to EC, Centre on ...
Nothing unconstitutional about dividing ...
More...    
 
 Top Stories
11-yr-old gets evicted from chess t... 
Sensex down 135 pts, Nifty IT index... 
Who is Bezos? Asks US student as Am... 
Infosys shares plunge 15% on whistl... 
Infosys must act with urgency: Expe... 
Not just 1 or 2, every player chipp... 
This Indian team under Virat is tou... 
SC grants bail to Chidambaram in IN...