The funding has come through NIST’s Technology Innovation Program (TIP).
The company said that this new electric vehicle technology is in addition to the company’s initial lithium-ion technology targeted at the Hybrid Electric Vehicle Market.
Recently, ActaCell identified the medium-to-heavy duty hybrid truck market as the initial best fit for its technology based on a set of rigorous tests run in conjunction with AVL Powertrain, an engineering, solution and testing company for the automotive industry.
ActaCell is commercializing this new lithium-ion anode technology-based on its ability to deliver lower cost and improved safety for materials used in pure electric vehicles, according to the company.
