Alliance Ventures invests in Enevate

Alliance Ventures has announced that it has invested in the latest round of funding in Enevate Corporation, a lithium-ion (Li-ion) battery technology company based in Irvine, California.

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 could enable electric vehicles (EVs) to charge in the same time as refueling conventional cars.

‘We share the common goal of making electric vehicles easier to use and adopt in mass markets,’ said 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.’