Enevate Corp. of Irvine will be gearing up with its battery manufacturing partners for high-volume manufacturing of recharge-able lithium-ion (li-ion) batteries used in electric vehicles.Â
“We are now in the process of getting ready for production. This new generation of our extreme fast-charging battery technology will be commercialized over the next few years for the production of EVs,” Robert Rango, president and chief executive, told the Business Journal last week.
Enevate said the firm’s 14 years of research will pay off handsomely with royalties when more cars use its fast-charging technology. The company aims to license its “extreme fast charge” lithium-ion technology rather than produce the batteries themselves, starting with the 2024-2025 model year cars, the company said.
The company’s gained the attention of investors, with $111 million raised so far and a workforce of 62 people and plans to add more.
