PowerGenix gets $30M for electric scooter batteries
Alt-chemistry battery maker PowerGenix has significantly upped its funding with a $30 million fourth round. The company plans to make batteries for electric vehicles, power tools, electronics and other applications.
One of PowerGenix’s most ambitious plans is to crack into the market for electric scooters, which we recently covered. Its nickel-zinc (NiZn) batteries are cheaper than lithium-ion, the best battery type available, yet more powerful than standard lead-acids.
The company also has potential markets in hybrid electric… Continue Reading
Alt-chemistry battery maker PowerGenix lands a deal for electric scooters and bikes
If you want an electric scooter today, your only choices may well be polar opposites in price and performance. On the low end, there are cheap bikes and scooters with low-energy lead-acid batteries, while on the high end there are powerful, lithium-ion powered scooters like the Vectrix (update: Vectrix actually uses NiMH batteries; another example of a lithium-ion user is the Brammo Enertia) and motorcycles like the Zero. Unfortunately, the latter cost as much as… Continue Reading
PowerGenix hopes to overtake NiMH dominance with alt-chemistry rechargeable batteries
With the market for hybrid electric vehicles (HEVs) finally starting to heat up in earnest, several companies are making big bets on advanced rechargeable battery technologies. One of these is PowerGenix, a San Diego, Calif.-based startup that makes nickel-zinc (NiZn) batteries.
Another is ZPower, a startup that hopes to oust lithium ion as the dominant technology by developing advanced silver-zinc (AgZn) batteries. While they offer greater power density, AgZn batteries haven’t been used much because they… Continue Reading
PowerGenix, a nickel-zinc battery co., raises $17M
Nickel-zinc battery developer PowerGenix has raised $17 million in a third round of financing, according to VentureWire (sub required).
Angeleno Group was reportedly the lead investor. The San Diego company says it has developed a rechargeable battery “that is as much as 75% lighter, ten times as powerful, 30% smaller and more environmentally friendly than existing nickel-cadmium or nickel-metal hydride batteries.”