Enevate Achieves Major Goals in 2021, Ramping its Pioneering Battery Technology to Address Global Electric Vehicle (EV) Battery Demand

Enevate Achieves Major Goals in 2021, Ramping its Pioneering Battery Technology to Address Global Electric Vehicle (EV) Battery Demand

Dec 22, 2021 by Business Wire Energy News

Key Facts

  • Here is a recap of several of Enevate’s most significant achievements: Surpassed Major Milestone for Li-ion Battery Patents Enevate reached a major milestone of 100 patents issued worldwide, and now has 117 patents and more than 380 additional patents in process, bringing the company’s total issued and in process patent portfolio at the close of 2021 to nearly 500.
  • Secured $81M Series E funding Led by Fidelity Management & Research Company, Bringing Total Investment to Nearly $200 Million That latest round, which included existing investors Mission Ventures and Infinite Potential Technologies, has enabled Enevate to begin ramping for a significant expansion of 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, and the hiring of additional personnel with an emphasis on scientists and engineers.
  • A Cleaner, More Environmentally Friendly Battery Technology Enevate received third-party verification that its XFC-Energy battery technology may allow for up to 26 percent reduction of carbon dioxide (CO2) emissions for manufacturing of EV batteries compared to conventional lithium-ion EV batteries (21 percent for NCA and 26 percent for NMC cells [kg CO2 eq.
  • Enevate is currently working with multiple electric vehicle and battery manufacturers to commercialize its technology as early as 2022 in e-motorcycles and for the 2024-2025 automotive model years, utilizing existing manufacturing infrastructure with minimal investment required, a core goal of its development.

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