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Earlier in July, ZENN Motor Company Inc. ZMC) increased its equity investment in energystorage developer, EEStor, Inc. with an additional US $5.0 million investment. These investors had also elected not to participate at the time of ZMC’s initial EEStor investment in April 2007.
The saga of the Zenn Motors and EEStor continues to wind on. For those that don't know, EEStor is a Texas-startup reportedly secretly building a powerful new energystorage medium that is far lighter, faster-charging, cheaper and longer-lived than lithium ion cells. Zenn is a Canadian company, and 10.7%
The saga of the Zenn Motors and EEStor continues to wind on. For those that don't know, EEStor is a Texas-startup reportedly secretly building a powerful new energystorage medium that is far lighter, faster-charging, cheaper and longer-lived than lithium ion cells. Zenn is a Canadian company, and 10.7%
This module contains their current production battery cells and delivers enough usable energy for the vehicle to travel the equivalent of 40 miles on electricity, achieving as much as 150 MPG in urban driving and 100 MPG in highway driving. This module is charged overnight from a regular 120 volt extension cord which plugs into the bumper.
Canada-based ZENN Motor Company Inc. will acquire a 51% controlling stake in its energystorage technology partner EEStor for staged cash payments totaling $1 million, and then reorganize the board and management of EEStor. Evans has reported that it has developed testing procedures that measure energy-in and energy-out.
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