investment round of $1.5 million, led by the UK based investor Vincent Tchenguiz. Vincent Tchenguiz has been a prominent foreign investor in Israeli hi-tech.As per the release, CENS has developed a proprietary, industrial process, that significantly increases the battery’s capacity and cuts the charging time, both of which are critical elements for the electric car industry.CENS said its solution is based on a material called CNT, carbon nanotubes and lithium-ion. The company claims that its industrial process can be integrated into the existing industry, with no change of infrastructure required, thus offering an improvement of the battery capacity, and its charging time, with no additional costs.The release further added that academic efforts have been made in the past to infiltrate carbon nanotubes into batteries, but none has achieved an effective dispersion without significantly changing the price.Also, the technology enables the manufacturing of batteries that do not contain cobalt, an otherwise expensive material.The company’s CEO and founder, Michael Bromfman, an expert in Nanotechnology said, “The investment will serve us to move forward, from the development phase to the pre-commercial phase and establish a semi-industrial plant capable to manufacture premium batteries with enhanced capacity that will be supplied to top OEMs and… Read full this story
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Israeli nanotech startup CENS Materials raises $1.5 million led by UK based investor Vincent Tchenguiz have 253 words, post on auto.economictimes.indiatimes.com at June 19, 2020. This is cached page on CuBird. If you want remove this page, please contact us.