IRVINE — Enevate Corp. battery technology has been included for the first time in an electric-powered vehicle—the Lightning LS-218 motorcycle.
“This is the first use in a production motorcycle, or any vehicle,” said Bob Kruse, chief executive of Irvine-based Enevate, whose technology allows batteries to charge in as fast as five minutes while delivering “industry-leading energy density and performance.”
The price for the LS-218, made by Lightning Motorcycles of Hollister, starts at $38,988.
“Our partnership with Lightning continues to grow and mature. Together we have developed the world’s first application of silicon anode fast charge technology,” Kruse told the Business Journal on Feb. 15.
Fast-charge electric motorcycles have increased utility and spend more time on the road instead of waiting at the charging cord, according to Enevate, which says it is working with other e-motorcycle, vehicle and device companies in the U.S. and globally.
More uses are in the works.
“Enevate is working on boat, power tool, and other specialty applications. Enevate has many significant joint development efforts,” Kruse said.
Enevate’s investors include Renault-Nissan-Mitsubishi (Alliance Ventures), LG Chem and Samsung Venture Investment Corp.
The company said last week it was in the middle of a new round of fundraising; it has reportedly raised over $190 million since its founding.
