Epyon raises funding to speed vehicle battery charging

Epyon, a developer and manufacturer of fast battery chargers for super-fast plug-in hybrid and full-electric vehicles, has raised a “multi-million” dollar venture round led by Chrysalix Energy.

Based in the Netherlands, Epyon’s chargers can supposedly reduce charging time to 10 to 15 minutes, versus five to 10 hours for current batteries.

The system also includes other components. The energy for charging is first stored up on-site to avoid overloading the electrical grid, which requires storage mediums like supercapacitors. Epyon’s scheme also uses analytical tools to get a holistic view of which cells in the battery need charging.

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About the Author, Chris Morrison

Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.