Tuesday, May 21, 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

Phase III study showed nintedanib slows the loss of pulmonary function in people living with systemic sclerosis associated ILD1

Herbalife Nutrition Celebrates 20 Years of Success in India With the Unveiling of H24

GIA India Organised a GemKids Programme in New Delhi

NRI FT India and Digital Asset to Deliver DAML Driven Applications to Capital Markets

Analogix Introduces Its VirtualLink™ Reference Design for High-Performance Gaming Notebooks

Gupta Agarwal Foundation Donates $5 Million to Fund Heart Health Research and Education

CNIM to Optimize Renewable Heat Production for Nantes District Heating

Rubicon Capital Advisors Strengthens its Global Presence through the Formation of a Dedicated Investor Coverage Group and the Opening of a New Office in Seoul, South Korea

smartwater, the Perfect Accomplice for Original Thinkers!

Saurav Ganguly Joins My11Circle

Lattice’s New MachX03D FPGA Enhances Security with Hardware Root-of-Trust Capabilities

Lattice sensAI Delivers 10X Performance Boost for Low Power, Smart IoT Devices at the Edge

GLIDE and eBay Present the 20th Annual Auction for Power Lunch with Warren Buffett, May 26 – May 31

PEI-Genesis Promotes Peter Austin to General Manager North America and Corporate Senior Vice President

Onward Technologies Delivers PAT Growth of 50.9 Percent in FY 18-19, Board Recommends Final Dividend at 15 Percent

ams, Ibeo and ZF Partner to Deliver Industry-First Solid-State LiDAR Systems for the Automotive Industry

ICCPL, India’s Top Public Relation Agency Posts a Robust 100 Percent Growth in FY 18-19

New Study Evaluates Ability of Masimo SpHb® (Noninvasive Hemoglobin) to Estimate Timing for Invasive Measurement to Detect Anemia During Surgery

Karisma Kapoor Gives Away AQE Awards 2019 New Delhi by Xel Research

Opening up GIFT City Bourses to Foreign Retail Investors, NRIs a Positive Step, Dr. Niranjan Hiranandani - CMD - Hiranandani Communities

New Exploratory Data from VARSITY, First Head-to-Head Ulcerative Colitis Biologic Study Which Demonstrated Superiority of Vedolizumab to Adalimumab in Clinical Remission at Week 52, Presented at 2019 Digestive Disease Week®

Age, Gender, Disease Severity Impact Adherence to Long-Term PAP Therapy More Than Previously Thought

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Two DRG Personnel Injured in IED Blast...
J-K: Ujh bridge to become functional soo...
BJP demands probe into Delhi police offi...
Man wanted in robbery, murder case, held...
Ayodhya's Shri Sita Ram temple hosts Ift...
Cannes 2019: Sonam Kapoor steals the lim...
More...    
 
 Top Stories
White House tells former lawyer not... 
With terror on agenda, Swaraj depar... 
Jet Airways employees stage protest... 
Mau: Police disperses crowd gathere... 
Modi congratulates Joko Widodo on r... 
Ahead of opposition meet, Kumaraswa... 
Italy's head coach Roberto Mancini ... 
Women with sleep apnoea more likely...