Enevate Stock

www.enevate.comEnergy / Energy StorageFounded: 2005Funding to Date: $198.52MM

Enevate develops and licenses advanced silicon-dominant Li-ion battery technology for electric vehicles. The technology provides 5-minute charging with high energy density, low temperature operation for cold climates, low cost and safety advantages over conventional graphite Li-ion batteries.

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News Highlights

Enevate and NantG Power join forces on battery innovations
Enevate and NantG Power have formed a strategic alliance to develop next-generation battery technology. The California-based companies will contribute their proprietary cathode and anode innovations to commercialise and produce silicon-dominated battery technology in large quantities. The batteries will be designed for use in electric vehicles, scooters, drones, and fast-charging storage systems.
North America Silicon Anode Market Size to Hit USD 965 Million by 2030 | Exhibiting a CAGR of 40.8%
The North America Silicon Anode market is projected to grow to USD 965 million by 2030, from USD 55.9 million in 2022, with a CAGR of 40.8%. This growth is largely due to the increasing demand for long-lasting, safe, and high-performing batteries in electric vehicles, grid storage, and consumer electronics. Key market participants are investing significantly in R&D activities for product innovation.
Lightning Motorcycle can add 135 miles of range in 10 minutes
Enevate Corp. has collaborated with Lightning Motorcycles to produce a motorcycle with an "extreme fast charge" battery. The Strike Carbon motorcycle can now add 135 miles of range in less than 10 minutes, a significant improvement on the typical 1-4 hour charge time for similar electric motorcycles. The advanced lithium-ion cells also offer a 26% reduction in CO2 emissions during manufacturing compared to conventional EV batteries.
Updated on: May 26, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.