Renault’s Alliance Ventures invests in California battery maker Enevate

Enevate

Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi, has joined heavyweights LG Chem and Samsung in investing in Enevate, a battery technology company based in Irvine, California.

Enevate licenses its HD-Energy technology, which is designed to offer fast charging times, superior low-temperature operation and low cost, to various battery and EV manufacturers and suppliers worldwide.

Alliance VP Francois Dossa said, “This strategic investment allows us to support the development of Enevate’s proprietary electrode technology. Continued development in this critical field will help us accelerate the electrification of our vehicles.”

 

Source: Renault