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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%
Zenn Motors is the Canadian manufacturer of low speed electric vehicles that has partnered with EEStor Inc, a company reportedly on the edge of revolutionizing energystorage. Zenn originally was formed to make low speed electric cars which they have been selling since 2006.
more I n another important energystorage development Zenn has invested in EEStor. The original equipment PHEVs due out early in the next decade utilizing even better batteries integrated directly into the vehicle at the factory will be more efficient and less costly. Join Plug In Partners today.
As many people are aware, the company is reportedly on the threshold of unveiling its barite-based energystorage devices for use in Zenn Motors electric car powertrains. We are following the compelling EEStor story here on All Cars Electric.
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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