Photo courtesy of Envia Systems
400Wh/kg
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We can take it to any other lithium-ion battery manufacturing plant in the U.S. or Asia.
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Despite the proprietary components and manganese-rich cathode, Envia’s Li-ion technology can be produced using existing manufacturing techniques and tools. plant in the US or Asia.” Kapadia further explained that Envia enjoys the flexibility of being a small private company, and will work with customers in a number of ways: a joint venture, a licenser of technology, or producing small runs
of its proprietary materials in its own plants. Envia is also well-funded, having raised $17 million in December 2010. “We have almost all the money in the bank right now,” Kapadia said. “Our burn is very low. We are very
capital-efficient. We have 35 people more than 80% of them are engineers and scientists. We have 16 Ph.D.s on our team. We will start partnering with our customers, the customers will introduce us to their supply chain, and we’ll start partnering with them.” While such easily-made plans can often go awry, Envia’s model seems to work well so far. Envia has pulled funding from a half dozen or so key investors, ranging from General Motors Ventures to Japanese chemical giant Asahi Kasei, and they look to build on that investment base when adding partners.
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