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#Announcement(Startup) [ via IoTForIndiaGroup ]
Gegadyne Energy has developed a novel battery which it claims can charge electric vehicles (EVs) in under 15 minutes, making them more affordable for the end users.
The international patent pending technology is scalable, and is more efficient than the current lithium-ion (Li) based batteries, said Jubin Varghese, co-founder and CEO of Mumbai-based start-up, which developed the battery.
The new technology combines the quick charging capability of supercapacitors with the high energy density of conventional batteries. It uses the concept of electrostatic charge storage & rapid kinetic Faraday reaction, said Varghese.
He said the goal is to have the first commercial iteration of the battery by 2020.
“That’s when we believe the EV market will truly lighten up and we will have more players and more interesting tech in the market,” Varghese added.
The batteries are aimed to be a direct replacement for existing use cases and will be available in cylindrical, pouch and prismatic form
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