03/04
2022
Enpower has Completed A Round Financing of over RMB100 million
03/04
Enpower (an all-solid-state battery companies in China, Japan and the United States) recently completed A round of over RMB100 million financing. The lead investor of this round is Welight Capital, and co-investors are Asia Green Fund (AGF), Broad Resources, Yuannuo and Scheme Capital.
As a high-tech company focusing on the research and development of new generation batteries and the core materials, such as lithium metal batteries and solid-state batteries. Enpower (or “the company”) has developed its unique independent innovation capability and efficient execution capability by taking advantage of the respective preponderance of China, Japan and the United States and integrating international top resources. In academic circles, Enpower has long-term cooperative research and development with Professor John Goodenough of UT-Austin of the United States, who is called the "father of lithium-ion batteries" and one of the Nobel laureates in 2019. The company also cooperates with Professor Jian Ye of Tokyo institute of technology, the inventor of super-ionic conductor materials and the “father of Japanese solid-state batteries”. In the field, the company has maintained strategic cooperative relationship with more than 20 well-known enterprises from upstream materials, midstream battery cell manufacturing to downstream system application to promote the industrialization and application of new generation battery technologies such as lithium metal batteries and all-solid-state batteries. In terms of lithium metal cathode, sulfide electrolyte, electrolyte, equipment and molding process, etc., the system has excellent accumulation and cognition from the underlying principle, process equipment to cell design.
In October 2021, Enpower released a new generation of lithium metal batteries with a weight density of 520Wh/kg, a volume energy density of 1100 Wh/L and a capacity of 3600mAh.The battery samples have been repeatedly tested and verified by a number of third-party institutions in China and Japan, including Japan Softbank. The test results of the samples show excellent product performance (safety, high energy/power density, fast charge and discharge, wide temperature range and long service life). In 2022, Enpower will focus on trial-produce of soft-packed batteries with a single cell capacity of more than 10 Ah (10000mAh), and further improve the energy density of Enpower batteries with unchanged design of internal materials. At present, Enpower is continuing to push forward the industrialization landing with its industrial strategic partners and committed to realizing the industrialization and commercialization of ultra-high specific energy lithium metal batteries as soon as possible.
Allen Yu, Executive Director, Head of Investment in new energy and new materials of AGF, said that the continuous innovation of materials is the major development trend of the battery industry, and is also the target investment sector of AGF. Over the past years, mature technology has brought about a continuous decrease in costs, and the entire industry has grown rapidly under the target of carbon neutrality. In the future, there is still huge space for battery innovation in materials and processes. We look forward that Enpower can bring new surprises to the market and provide safer, more durable, and more sustainable solutions.
As a high-tech company focusing on the research and development of new generation batteries and the core materials, such as lithium metal batteries and solid-state batteries. Enpower (or “the company”) has developed its unique independent innovation capability and efficient execution capability by taking advantage of the respective preponderance of China, Japan and the United States and integrating international top resources. In academic circles, Enpower has long-term cooperative research and development with Professor John Goodenough of UT-Austin of the United States, who is called the "father of lithium-ion batteries" and one of the Nobel laureates in 2019. The company also cooperates with Professor Jian Ye of Tokyo institute of technology, the inventor of super-ionic conductor materials and the “father of Japanese solid-state batteries”. In the field, the company has maintained strategic cooperative relationship with more than 20 well-known enterprises from upstream materials, midstream battery cell manufacturing to downstream system application to promote the industrialization and application of new generation battery technologies such as lithium metal batteries and all-solid-state batteries. In terms of lithium metal cathode, sulfide electrolyte, electrolyte, equipment and molding process, etc., the system has excellent accumulation and cognition from the underlying principle, process equipment to cell design.
In October 2021, Enpower released a new generation of lithium metal batteries with a weight density of 520Wh/kg, a volume energy density of 1100 Wh/L and a capacity of 3600mAh.The battery samples have been repeatedly tested and verified by a number of third-party institutions in China and Japan, including Japan Softbank. The test results of the samples show excellent product performance (safety, high energy/power density, fast charge and discharge, wide temperature range and long service life). In 2022, Enpower will focus on trial-produce of soft-packed batteries with a single cell capacity of more than 10 Ah (10000mAh), and further improve the energy density of Enpower batteries with unchanged design of internal materials. At present, Enpower is continuing to push forward the industrialization landing with its industrial strategic partners and committed to realizing the industrialization and commercialization of ultra-high specific energy lithium metal batteries as soon as possible.
Allen Yu, Executive Director, Head of Investment in new energy and new materials of AGF, said that the continuous innovation of materials is the major development trend of the battery industry, and is also the target investment sector of AGF. Over the past years, mature technology has brought about a continuous decrease in costs, and the entire industry has grown rapidly under the target of carbon neutrality. In the future, there is still huge space for battery innovation in materials and processes. We look forward that Enpower can bring new surprises to the market and provide safer, more durable, and more sustainable solutions.