Enevate signs lease for new headquarters, enabling significant expansion of its electric vehicle battery pre-production line

IRVINE, Calif.–(BUSINESS WIRE)–Enevate, a pioneering battery innovation company providing extremely fast-charging, high-energy-density battery technologies for electric vehicles (EVs) and other markets, announced that it had signed a lease for more than 125,000 square feet in Irvine, Calif., providing space for the expansion of its electric vehicle (EV) battery preproduction line and office space.

The new facility represents a substantial growth in space over the company’s existing 20,000 square foot space at the UCI Research Park.

“With Enevate’s expanding customer base, increasing number of projects and increasing number of employees, we simply ran out of space in our current facilities,” said Enevate CEO, Robert A. Rango. “This is a major milestone for the company in a very exciting time of mobility as the world transitions to electric vehicles.”

Enevate will use the new facility to significantly expand its battery pre-production line, which will serve as a demonstration facility for automakers and battery manufacturers seeking to produce batteries in utility-scale battery factories, including large gigafactories. The expanded pre-production line will allow manufacturing of industry-standard 21700-size cylindrical cells, as well as large pocket EV cells for research and customer sampling.

The expanded facility at 34 Parker Drive in Irvine sits in the heart of Southern California’s electric vehicle hub. This facility expansion will also accommodate Enevate’s growing staff as the company continues to hire, particularly scientists and engineers.

The company expects to complete its move into the new premises before the end of the year.

ABOUT ENEVATE (www.enevate.com)

Enevate develops and licenses advanced battery technology for electric vehicles (EVs), with a vision of EVs recharging as quickly as refueling gasoline-powered cars, accessible and affordable for everyone, and accelerating mass adoption of EVs . With a portfolio of over 500 issued and pending patents, Enevate’s pioneering advances (leveraging accelerated battery testing and machine learning) in silicon-dominant anodes and cells have resulted in battery technology which offers an extremely fast five-minute charge with high energy density, low temperature operation for cold climates, low cost and safety advantages over conventional batteries.

Enevate’s vision is to develop and spread EV battery technology that contributes to a clean and sustainable environment. Investors in the Irvine, Calif.-based company include Renault-Nissan-Mitsubishi (Alliance Ventures), LG Chem, Samsung Venture Investment Corp, Fidelity Management & Research Company, Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies , Presidio Ventures – a company of Sumitomo Corporation, Lenovo, CEC Capital and Bangchak. Enevate®, the Enevate logo, HD-Energy® and eBoost® are registered trademarks of Enevate Corporation.

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