Alliance Ventures Invests in Enevate to Advance Li-ion Battery Technology for Electric Vehicles

Paris and Irvine, California (ots/PRNewswire) -

Enevate's silicon-dominant Li-ion technology features extreme
fast-charging capabilities with high energy density and improved
safety

Alliance Ventures, the strategic venture capital arm of
Renault-Nissan-Mitsubishi, has announced today that it has invested
in the latest round of funding in Enevate Corporation, an advanced
lithium-ion (Li-ion) battery technology company based in Irvine,
California. This marks the latest technology investment by Alliance
Ventures, launched earlier this year to support start-ups,
early-stage development, and entrepreneurs at the cutting edge of
next-generation systems for the automotive industry.

(Logo: http://mma.prnewswire.com/media/556610/Renault_Nissan_Mitsu
bishi_Logo.jpg )

Francois Dossa, Alliance Global Vice President, Ventures and Open
Innovation, said: "We are pleased to participate in Enevate's latest
funding round. This strategic investment allows us to support the
development of Enevate proprietary cutting edge electrode technology.
Continued development in this critical field will help us accelerate
the electrification of our vehicles."

The investment reflects the capability of Enevate in breakthrough
Li-ion batteries capable of extreme fast charging with high energy
density and safety. Enevate's technology, which could enable electric
vehicles (EVs) to charge in the same time as refueling conventional
cars, is seen as a leader in its field.

"We share the common goal of making electric vehicles easier to
use and adopt in mass markets," says Enevate President and CEO Robert
A. Rango. "We look forward to our strategic partnership with
Renault-Nissan-Mitsubishi, as they are a global leader in electric
vehicles and they understand the market needs of EV consumers
worldwide."

Enevate's HD-Energy® Technology for EVs features five-minute fast
charging with high energy density and long driving range, with the
added capability of low-temperature operation in cold climates, low
cost, and safety benefits. This short charging time is superior to
any other Li-ion technology available today to meet automotive EV
requirements for energy density, range, safety, and cost.

Enevate licenses its silicon-dominant HD-Energy Technology to
battery and EV automotive manufacturers and suppliers worldwide to
quickly achieve production volume and drive adoption of
next-generation features that take EVs to the next level.

ABOUT RENAULT-NISSAN-MITSUBISHI

Groupe Renault, Nissan Motor Company and Mitsubishi Motors
represent the world's largest automotive alliance. It is the
longest-lasting and most productive cross-cultural partnership in the
auto industry. Together, the partners sold more than 10.6 million
vehicles in nearly 200 countries in 2017.

https://www.alliance-2022.com/news/alliance-ventures-invests-in-en
evate-to-advance-li-ion-battery-technology-for-electric-vehicles/

ots Originaltext: Renault-Nissan-Mitsubishi
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Contact:
Caroline Sasia
Alliance Communications
Renault-Nissan-Mitsubishi
[phone]
[e-mail]