Polestar Intros Polestar O2
Polestar, the pure play electric performance car brand, has revealed a new concept car that redefines sports roadsters for the electric age. Named Polestar O2, the hard-top convertible is Polestar’s vision of open-top performance and a thrilling driving experience – with all the benefits of electric mobility.
“Polestar O2 is the hero car for our brand,” comments Thomas Ingenlath, Polestar CEO. “It opens the door to our secret chamber of future potential. This is a taste of what we can design and engineer with the talent and technology we have in-house. It looks incredible, and being able to lower the roof and not hear an engine promises a superb sensation.”
Dynamics
Maximilian Missoni, Polestar’s Head of Design, says: “Polestar O2 is our vision of a new era for sports cars. By mixing the joy of open top driving with the purity of electric mobility, it unlocks a new mix of emotions in a car. But as with all our cars, we are about more than just straight line sprints. It’s when you turn the steering wheel that the true fun begins.”
The driving experience in the Polestar O2 is designed to be lively, light and full of confidence. Predictability and playfulness are core to exciting, spirited driving. Tight body control, high rigidity and intuitive dynamics are inherent benefits of the bespoke bonded aluminum platform which is adapted from the Polestar 5, developed in-house by Polestar’s R&D team in the UK.
The high quality and rigidity of the bonded aluminum platform are geared towards heightened dynamic response. Handling dynamics are taut thanks also to small roll angles and high roll damping, and the agile, direct steering feel is linear, with great steering torque build-up.
Design
Clearly related to the Polestar Precept concept car but with its own distinct character, the look of Polestar O2 shows how Polestar’s evolving design language can be adapted to different body styles with a strong family resemblance. The low and wide body with an assertive stance, compact 2+2 cabin design, minimal overhangs and a long wheelbase, embody classic sports car proportions but with a clearly modern, electric feel.
“This car is a meeting point between technology and art, between precision and sculpture, with a determined but not aggressive stance,” continues Maximilian Missoni.
Aerodynamics are manipulated to maximize range thanks to disguised design features like integrated ducts that improve laminar air flow over the wheels and body sides, and the rear lights that function as air blades to reduce turbulence behind the car.
Sustainability and technology
Polestar O2 also showcases advances in sustainability and technology. A new thermoplastic mono-material features extensively in the interior. The term “mono-material” describes the use of a single base material to manufacture different components.
In Polestar O2, recycled polyester is the sole material used for all the soft components of the interior: foam, adhesive, 3D knit fibers and non-woven lamination. This simplifies recycling and is a significant step towards greater circularity, while also reducing weight and waste.
Polestar sustainability teams believe that materials should be recycled, not downcycled. In Polestar O2, they have integrated a new method of controlling recycled content and improving circularity of metal components. Different grades of aluminum are used throughout the chassis to help deliver a thrilling driving experience.
These different grades are labelled, allowing them to be recycled more effectively and for their properties to be retained. High grade aluminum remains high grade, while other grades maintain their varied characteristics, allowing for greater material efficiency and a lower requirement for virgin aluminum.
Innovation
In a world increasingly driven by social media, the Polestar O2 features an autonomous cinematic drone integrated behind the rear seats. Developed in collaboration with Aerofugia’s consumer electronics brand Hoco Flow, the concept drone can be deployed while the car is moving, to record the perfect driving sequence.
Polestar engineers have developed a specialized aerofoil that raises behind the rear seats to create a calm area of negative pressure that allows the drone to take off when the car is on the move. The drone operates autonomously, automatically following the car at speeds up to 90 km/h, and the driver can choose between an atmospheric sequence – great for a coastline cruise – or a more action-filled sequence with a sportier expression. After filming, the drone can autonomously return to the car. Video clips can be edited and shared directly from the 15-inch center display when the car is parked.
“We wanted to emphasize the experience you can have with a car like the Polestar O2 in new and unusual ways,” continues Maximilian Missoni. “Integrating an autonomous cinematic drone was something that allowed us to push the boundaries on the innovation front. Not needing to stop and off-load the drone before filming, but rather deploying it at speed, is a key benefit to this innovative design.”
Polestar O2 continues the strong foundations laid by Polestar Precept as a vision of the company’s future design, technology and sustainability ambitions. Polestar plans to launch three new cars over the coming three years, starting in 2022, each of which has potential to gradually realize some of the ideas presented by these concept cars. Polestar also intends to list on the Nasdaq in a proposed business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU), which is expected to close in the first half of 2022.
Bosch, Mitsubishi Corporation and BPSE BaaS
- Joint approach to create new business model based on Bosch’s Battery-in-the- cloud technology to provide insights and optimized use of EV batteries reducing CAPEX investment for electrification of fleet.
- Parties will apply this technology to the Battery Swapping Stations developed by Blue Park Smart Energy Technology and create a service to enable Financing partner to develop a FINTEC based battery financing business to reduce the total ownership cost of commercial EV fleet.
- Parties aim to provide neutral and professional 3rd party asset management service which will lead to the reuse of batteries and maximize the battery asset lifetime value .
- Parties will conduct a Proof of Concept in China and aim to provide the solution worldwide.
Zūm Delivers First Electric School Buses
Zūm, the leader in modern student transportation, announced that its first electric school buses have hit the road, transporting students across the Bay Area. The company has deployed six LionC electric school buses from Lion Electric, a leading North American manufacturer of zero-emission medium and heavy-duty vehicles, which are now rolling across San Francisco Unified School District (SFUSD), Oakland Unified School District (OUSD), Menlo School and Nueva School.
Zum also announced that it has secured two grants for over 35 EV buses, which will allow it to build out the electric school bus ecosystem for OUSD even faster than initially expected. As a result, the company expects to service 50% of the district’s transportation with electric school buses by the end of the 2022-2023 school year.
Over 90% of the nation’s 500,000 school buses run on diesel and emit 8.4 million metric tons of greenhouse gas annually — equivalent to the annual energy use of more than one million homes. In addition to harming the planet, the pollution levels on diesel school buses are often five to 10 times higher than the surrounding areas, threatening the health of students and drivers.
The LionC school buses Zum is putting into service can travel up to 125 miles on a single charge without the harmful particulate pollutants, greenhouse gas emissions and noise pollution generated by diesel school buses. Electric school buses also offer districts and operators significant savings, with up to 60% reduced maintenance costs and 80% reduced energy costs. Each bus can eliminate up to 23 tons of greenhouse gas emissions each year. While Zum works with local partners to build out a comprehensive charging infrastructure, it has provided charging stations at each of the schools receiving an electric bus.
Each bus is equipped with the comprehensive Zum platform, which provides drivers with real-time route updates, helps districts manage daily operations, and gives families visibility and personalized updates about their children. Through its cloud-based technology and multi-modal approach, Zum delivers additional fleet efficiency and optimization which make widespread adoption of electric buses possible.
Mack Trucks announced that its next generation Mack® LR Electric battery-electric vehicle (BEV) is now available for order.
The Class 8 Mack LR Electric refuse model combines power, reliability and durability with zero emissions, offering customers a more sustainable option for refuse and recycling collection. Mack began serial production of the LR Electric in 2021 at its Lehigh Valley Operations facility in Macungie, Pennsylvania, where all Class 8 Mack vehicles for North America and export are assembled.
The next generation LR Electric features 42 percent more energy and a standard 376 kWh total battery capacity offering an increased range. Featuring twin electric motors, the Mack LR Electric offers 448 continuous horsepower and 4,051 lb.-ft. of peak output torque from zero RPM. The LR Electric has a two-speed Mack Powershift transmission, Mack mRIDE™ suspension and Mack’s proprietary S462R 46,000-pound rear axles.
Easily identifiable by a copper-colored Bulldog on the cab denoting the electric drivetrain, the LR Electric’s vehicle propulsion is offered through four NMC (Nickel Manganese Cobalt Oxide) lithium-ion batteries that are charged though a 150 kW, SAE J1772-compliant charging system. The four batteries also provide all power for every onboard accessory, driven through 12V, 24V and 600V circuits. The two-stage regenerative braking system helps recapture energy from the hundreds of stops the vehicle makes each day with an increasing load.
Volvo Selects Momentum for Wireless Charging
Momentum Dynamics has been selected by Volvo Cars as its exclusive wireless charging partner as part of a ‘live city environment’ three-year pilot program of EV wireless charging. While Momentum’s technology has been in full commercial use for more than four years on various types of electric vehicles, this program, which is part of the Gothenburg Green City Zone, will allow a small fleet of fully electric Volvo XC40 Recharge cars to be used as taxis. The taxis will be driven for more than 12 hours a day and 100,000 km per year, marking the first-ever durability demonstration of fully electric Volvo cars in a commercial use scenario.
StoreDot 100inX
StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles, has revealed its strategic technology roadmap, labeled ‘100inX’, which will deliver batteries capable of charging a 100 miles of range on just a 2 minute charge, with mass production readiness planned within 10 years.
In parallel, StoreDot is already at the advanced stages of developing groundbreaking semi-solid-state technologies which will further improve the batteries by 40% over 4 years – delivering 100 miles of charge time in just 3 minutes and be mass production ready by 2028.
100in5, 100in3 and 100in2 of miles per minute of charging are three generations of StoreDot technologies of Silicon dominant XFC, semi solid state and full solid state. They will be delivered over the coming decade with 100in5 by 2024, 100in3 by 2028 (40% improvement) and 100in2 by 2032 (additional 33% improvement).
Dr Doron Myersdorf, StoreDot CEO “It’s absolutely crucial that we give global automotive manufacturers a clear, realistic and hype-free roadmap for the introduction of our fast-charging battery technologies. After intense development of our silicon-dominant chemistries we will be mass-production ready by 2024, delivering a transformative product that will overcome the major barrier to the widespread adoption of electric vehicles – charging times and range anxiety.
“However, we are committed to a rapid transition to a cleaner, zero-emissions world and our strategic technology roadmap extends long after 2024, where each milestone represents an impressive performance improvement – a major impact on the driver’s experience. We are also progressing with our semi-solid state battery aiming for its production at scale by 2028, which will demonstrate a better charging experience for EV drivers in terms of miles per minute of charging.
“Our ultimate goal though, and one that is now absolutely in our grasp, is to produce cells that will revolutionize charging times, achieving 100 miles of range in only 2 minutes. This breakthrough performance that was once considered impossible – is achievable with StoreDot’s technology in just 10 years from now.”
StoreDot’s ground-breaking extreme fast charging cells will be available in both pouch and the 4680 family form factor – the formats increasingly favored by the majority of global car manufacturers. Pioneering work for these XFC cells has been undertaken with participation of global experts from Israel, the UK, the US and in China. ‘100in5’ cells of StoreDot’s XFC technology are already being tested in the real world by a number of automotive OEMs.
Honda Goes Green Bonding
Honda Motor Co., Ltd. announced that the company will issue U.S. dollar-denominated Green Bonds totaling US$2.75 billion for its initiatives toward the realization of a society that aims for zero environmental impact. The proceeds from the issuance of the Green Bonds will be used exclusively toward environmental initiatives*1. This will be the first time for Honda Motor Co., Ltd. to issue Green Bonds.
IER Mobility Buys Spin
IER Mobility, Europe’s leading shared micromobility provider, announced its acquisition of Ford-owned shared electric bike and scooter operator, Spin, marking TIER’s entry into North America.
Following the recent acquisition of Europe’s largest bikeshare player nextbike, TIER is already operating in over 410 cities with a fleet of 250,000 vehicles. With the purchase of Spin and its 50,000 vehicles, TIER expands its global footprint to more than 520 cities and communities in 21 countries and its fleet to 300,000 vehicles. This makes TIER the largest multimodal micromobility operator globally.
Spin has strong city partnerships in North America, a history of city-focused innovation like sidewalk riding detection technology and groundbreaking approaches to building successful charging infrastructure. TIER has industry-leading safety features, the highest sustainability standards, and trailblazing innovations, such as the proprietary TIER Energy Network and swappable battery technology. Overall, this acquisition brings together two international players to become the most responsible and sustainable micromobility partner for cities in the world.
The two companies are committed to being the best possible partner for cities while building the safest, most equitable, and most sustainable mobility solution for people. Together, TIER and Spin will continue to pioneer the development of new standards and to build trust in e-scooters and e-bikes among communities and cities by enabling technology that creates a safer experience for riders, pedestrians and all other road users on both sides of the Atlantic. Investing in and modernizing the Spin fleet with 100% swappable batteries will be one of many upcoming projects to achieve environmental sustainability and efficiency in the North American micromobility industry.
ONE Raises $65 Million
Our Next Energy, Inc. (ONE), a Michigan-based energy storage technology company, has raised $65M following its $25M Series A that was led by Breakthrough Energy Ventures in October 2021. This new funding round, led by BMW i Ventures, will allow ONE to expand its operations and prepare for increasing demand and customer activity. In addition, recent investment was joined by Coatue Management, a New York-based investment firm with ~$60B of assets under management, and ONE’s Series A investors, including Breakthrough Energy Ventures, Assembly Ventures, Flex and Volta Energy Technologies.
“This most recent investment accelerates the timeline for ONE’s GeminiTM battery technology following our recent 752-mile range demonstration. We are excited to have BMW i Ventures lead this round and we are thrilled to welcome Coatue Management and their support as we raise the capital required to build a U.S. cell factory that supports Aries and Gemini,” said Mujeeb Ijaz, Founder and CEO of ONE.
ONE has signed contracts with four customers totaling more than 25 GWh of energy storage capacity over the next five years, equating to approximately 300,000 electric vehicle battery packs. This development allows ONE to begin the process of site selection for its first US-based battery factory.
The ONE battery factory marks a significant development in its path to accelerate electrification with safer, more powerful energy storage technologies that use more sustainable raw materials while creating a reliable, low cost and conflict-free supply chain.
“ONE’s core principles of doubling the range, decreasing the cost of the batteries and creating a local supply chain, resonated strongly with us at BMW i Ventures,” said Baris Guzel, partner at BMW i Ventures. “Today’s announcement of ONE’s battery factory in the US is an important step for the larger electric vehicle value chain, and ONE has the potential to truly transform the ecosystem.”
“We believe ONE is creating transformative battery cell and pack technologies,” said Jaimin Rangwalla of Coatue Management. “We look forward to the future ahead of ONE and are excited to partner with Mujeeb and his outstanding team.”
In the next quarter, ONE will begin evaluating site locations for its US-based battery factory, which will begin with production of its AriesTM LFP battery system, improving energy density, safety and cost. The company will accelerate its R&D efforts for the high-energy-density GeminiTM dual-chemistry battery in Michigan and the Bay Area, as announced in early February.
Meritor Partners with ConMet
Meritor, Inc. announced it has entered into a collaboration agreement with ConMet in which Meritor will develop purpose-built trailer suspensions and brakes, as well as tire inflation systems to work with ConMet’s PreSet Plus® eHub.
This innovative system will enable production of zero-emissions refrigerated trailers. To deliver this electrified trailer solution, Meritor is redesigning its trailer suspension and drum brake, including a specifically engineered spindle package to be compatible with ConMet’s eHub. The companies will also continue to jointly evaluate the application of industry leading, complementary advanced technologies that address evolving e-mobility market trends.
– Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”), an American technology company focused on providing sustainable and cost-effective electric vehicles to the last-mile delivery sector, and GreenPower Motor Company Inc. (NASDAQ: GP, TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero-emission electric-powered vehicles serving the cargo and delivery, shuttle, transit and school bus markets, announced the signing of a multi-year supply agreement to facilitate the manufacturing and delivery of medium-duty Class 4 step vans into the North American market.
Under the terms of the agreement, the companies have confirmed a 21-month schedule during which GreenPower will deliver 1,500 EV Star cab and chassis to Workhorse starting in July 2022. The chassis are to be used in the production of Workhorse’s new Class 4 W750 step van line, which is slated to enter production in Q3 2022. Workhorse will complete the manufacturing process and deliver finished step vans to its customers in the United States and Canada. The agreement includes deposits based on delivery thresholds and also contains a renewal option.
Workhorse will have exclusive rights in the U.S. and Canada to sell Class 4 step vans based on the GreenPower-supplied base vehicle. The finished Class 4 step vans will be available under the Workhorse brand with Workhorse after-sales and support service.
The W750 will feature up to 150 miles of all-electric range, with a payload capacity of 5,000 lbs., as well as standard 60kW DC fast-charging and optional 60 kW wireless-charging capabilities.
Romeo Power Powers Indigo Tech
Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, announced it has been awarded the first phase of a multi-phase commercial program with Indigo Technologies (“Indigo”), an automotive OEM specializing in lightweight electric vehicles for rideshare and delivery driving targeting the lowest cost per mile.
Recent evolution of the last-mile delivery and on-demand passenger vehicle sector has created a need for energy- and space-efficient vehicles that optimize constant reloading of cargo and passengers. Indigo will launch its full size, FLOW show car later this year at the Los Angeles Auto Show. The FLOW PLUS full-size show car will launch with different prototype testing versions in 2023.
“Indigo’s selection of Romeo Power showcases the joint efforts of two nimble companies that strongly believe in the advancement of this emerging market. Romeo is pleased to partner with Indigo and further demonstrate its innovative vehicles for the rideshare and delivery market,” states Lauren Webb, Romeo’s Chief Strategy and Commercial Officer.
“We are pleased to announce our OEM technology collaboration with Romeo Power,” stated Greg Tarr, Indigo’s Chief Strategy Officer. “We have a great, technical collaboration with Romeo’s leadership team to develop our lightweight commercial vehicles in conjunction with Romeo’s advanced battery technology. Romeo’s battery technology is designed for a diverse and wide ranging set of vehicles, including on-road, off-road, marine, and stationary applications. Romeo’s superior Battery Management System (BMS) will be strategically important to customers, advancing Indigo’s efforts to separate itself from other purpose-built vehicles. We look forward to a valuable future of serving our mutual customer base and pioneering in the lightweight, commercial EVs sector.”
Romeo and Indigo will be exhibiting at the ACT Expo in Long Beach, California on May 9-12, 2022 and would welcome the opportunity to discuss this innovative collaboration with attendees, media, and investors.
DocGo Delivers Zero Emissions Ambulance
DocGo, a leading provider of last-mile mobile health services and integrated medical mobility solutions (Nasdaq: DCGO), announced the delivery of its new all-electric, zero-emissions ambulance. Significantly more eco-friendly than a standard ambulance, the all-electric vehicle will be the first of its kind to be registered in the U.S. This vehicle marks the first step towards “Zero Emission,” the company’s latest sustainability mission to have an all-electric fleet by 2032.
With several hybrid vehicles already in its fleet, the launch of this all-electric ambulance and “Zero Emission” further demonstrates DocGo’s commitment to advancing green initiatives. This all-electric ambulance is 1/10th as polluting compared to a standard gasoline ambulance. In addition to being less harmful to the planet, the electric ambulance has the potential to lower patient transportation costs due to lower fuel costs and maintenance needs.
“We are tireless in our quest to innovate how care is provided” said DocGo CEO and founder Stan Vashovsky. “Our ‘Zero Emission’ Initiative exemplifies how DocGo is revolutionizing the delivery of mobile medical care, and building a company that’s better for our patients, for our care providers, for our customers, and for the planet.”
DocGo worked with Lightning eMotors, a leading provider of specialized and sustainable fleet solutions, to create the new vehicle. “We are honored to have had the opportunity to work alongside DocGo on this exciting initiative,” said Nicholas Bettis, director of marketing and sales operations at Lightning eMotors. “In addition to being environmentally-friendly, the drastic reduction in pollutants is better for the overall health of the patients being transported.”
To celebrate the first patient in the U.S. to be transported in an all-electric ambulance, DocGo will be hosting a ribbon cutting with a hospital partner in New York. Additional details around partner name, location, date, and time are forthcoming.
DocGo is redefining on-demand access to healthcare, leveraging its AI-powered proprietary technology and expert healthcare professionals. The company delivers Mobile Health services at scale for hospital networks, governmental entities, and enterprise customers to provide high-quality, affordable care to patients when and where they need it most. DocGo’s mobility solutions, enabled through coordinated logistics and focus on exceptional patient care, give patients much-needed access to medical attention outside of the traditional four walls of the medical establishment.
GenZ EV in US
– GenZ EV Solutions (“GenZ”), announced that it has entered the U.S. market with a cutting-edge, battery-buffered, ultra-fast EV charger and a suite of premium services for businesses transitioning into eMobility. The company is focused on integrating the world’s best technologies, services and investment solutions to help businesses navigate the transition into the era of electrified transport. By 2030, approximately 50 percent of vehicles sold in the U.S. are targeted to be EVs; demand for fast-charging stations is expected to increase exponentially.
GenZ EV Solutions and Germany´s ADS-TEC Energy (NASDAQ: ADSE) (“ADS-TEC”), a global leader in battery-buffered, ultra-fast charging technology, signed an agreement appointing GenZ as its distributor for the massive automotive vertical throughout the Americas. In 2021, ADS-TEC Energy was recognized as a top innovator by The German Association for Consumer Studies (DtGV), based on the company’s extensive portfolio of patents associated with advancing climate change protection. ADS-TEC Energy´s battery-buffered technology enables widespread, ultra-fast charging (up to 320kW) on existing power-limited grids without additional infrastructure.
The GenZ system, along with its technical specifications, will be presented during the National Automobile Dealers Association (NADA) convention in Las Vegas taking place March 11-13, 2022. Auto dealers, estimated at 18,000 facilities in the U.S., are at the forefront of the EV charger infrastructure overhaul taking place in the U.S, considering the proliferation of EVs at showrooms.
GenZ EV Solutions designated Charge Enterprises (OTC PINK: CRGE), (“Charge”), through one of its operating affiliates, Charge Infrastructure, as its preferred infrastructure provider. Charge will offer end-to-end services for EV charging ecosystems, including project management, design and engineering, construction, installation, and maintenance and service. GenZ and Charge will service dealerships, dealer groups, commercial fleet, and automotive OEM’s as well as retail, big-box chains, real estate conglomerates and the public sector. Mark LaNeve is president of Charge and, as former vice president of sales and marketing for both Ford Motor Company and General Motors, brings vast automotive OEM leadership experience. The Charge and GenZ leadership teams collectively boast more than two centuries of automotive experience and will target the most demanding, EV-intensive industries.
Qmerit & Fermata Partner
Qmerit, the leading provider of turnkey implementation solutions for electric vehicle (EV) charging and other electric-powered technologies, and Fermata Energy, a leading vehicle-to-everything (V2X) technology services provider, announced a new partnership to support acceleration of mainstream EV adoption and V2X technology. Through the partnership, Qmerit will install and service Fermata Energy products for commercial buildings across the country
Fermata Energy and Qmerit’s new partnership will support the acceleration of mainstream EV adoption and V2X technology.Tweet this
Fermata Energy’s next-generation V2X system, comprised of a UL certified bidirectional EV charger and accompanying proprietary energy management software platform, helps customers dispatch power from stored energy in EV batteries directly back into the grid (V2G), building (V2B), or home (V2H). This functionality turns EVs into energy storage resources, and in the process, unlocks and monetizes the massive energy storage potential of EVs.
Along with providing turnkey implementation solutions through their national network of certified electrification technology installers, Qmerit will use its proprietary digital services platform to help Fermata Energy customers efficiently plan and schedule installation work.
Linear Labs Produces New Electric Motors
Smarter energy company Linear Labs has launched production of its new High Torque and Ultra High Efficiency electric motor and new intelligence drive system, called the HET Light, aimed at meeting the increased demand of the Light Electric Vehicle (LEV) industry. The LEV market is one of the fastest growing markets in electrification and expected to reach 125 million units globally by 2025. The LEV industry includes smaller mobility vehicles like neighborhood electric vehicles, small utility vehicles, golf carts, material handling vehicles, recreational vehicles, light electric motorcycles, e-bikes and mopeds.
The production launch includes two models – the market leading HET Light 30 and HET Light 45 Series. The patented electrification system out performs all LEV motors with twice the torque and higher efficiency. The 45 Series motor system produces 250 Nm peak torque and 94 percent peak efficiency and weighs 9.7kg. The 30 Series motor system produces 150 Nm peak torque and 94 percent peak efficiency and weighs 6.9kg. The HET Light Series higher torque and efficiency increases vehicle performance, extends range, reduces vehicle weight, provides significant volume space savings and eliminates gear reduction.
“U.S. built motors have become a national strategic imperative. We are bringing high torque and high efficiency motor manufacturing back to the U.S.,” said Brad Hunstable, founder and CEO of Linear Labs. “As we enter the next wave of electrification, Linear Labs is driving global impact through smarter energy systems starting with the HET Light Motor System.”
Linear Labs patented High Efficiency Torque (HET) motor and Intelligent Control Drive, produces up to twice the torque of competitor motors – or the same torque in half the size – and can be made using rare-earth or ferrite magnets. The design is based upon a breakthrough design and AI (artificial intelligence) Driving software control system creating the most powerful and AI motor system in the market.
Recognizing the potential global impact and the national security strategic imperative of US electrification manufacturing, in 2021 the city of Fort Worth and Linear Labs finalized a $68.9 million economic incentive package to further solidify the city as the next tech innovation hub. Linear Labs projects thousands of new skilled jobs over the next 10 years at its research and production center which manufactures electronification drive systems for electric vehicles and industrial applications.
“Fort Worth has become a growing technology hub that is ripe to bring some of the best and brightest technology and smart energy talent to the city, “ said Fort Worth Mayor Mattie Parker. “We are open for business and welcome the opportunity to support Linear Labs and businesses like it who are moving us into the next generation of smart energy technology.”
Linear Labs recently closed its Series A funding of $17 million to further support manufacturing capabilities that include expanded manufacturing expertise, supply chain infrastructure and logistics, advanced automation and robotics engineering and adding additional engineering talent to its team. The round was led by THRC Investments, and Folsom Point Equity, with existing investors Lowercarbon Capital, Kindred Ventures, Saltwater Capital, Champion Hill Ventures, OzoneX Ventures and Capital Factory.
Electreon Partners with Jacobs
-Electreon (TASE: ELWS.TA), the leading provider of wireless and in-road wireless electric vehicle (EV) charging technology, announced a strategic collaboration with global technical professional services firm Jacobs (NYSE:J). The companies will join forces on select wireless EV charging projects across the United States, for industry leading fleet operators including city and state authorities, as Electreon aims to bring its cutting-edge charging solutions to roads and facilities around the world.
“This collaboration with Jacobs marks the beginning of an exciting new chapter as Electreon increases our presence across the United States,” said Oren Ezer, co-founder and CEO, Electreon. “Aligning ourselves with Jacobs allows Electreon to continuously realize opportunities for growth and expansion. We are looking forward to continued collaboration with the Jacobs team in Michigan and beyond!”
Jacobs has demonstrated its commitment to investing in leading-edge technologies. Most recently, Jacobs completed acquisitions of mobility analytics pioneer StreetLight Data Inc. and edge computing analytics provider BlackLynx, and entered into a strategic relationship with Microgrid Labs Inc, a software and consulting company specializing in planning commercial fleet electrification and microgrids.