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PowerGenix

2018-01-20

PowerGenix manufactures high-power and low-cost nickel-zinc (NiZn) rechargeable batteries that are light, safe and environmentally-friendly. Originally founded as a US-based research and development company, the company’s batteries are especially suitable for micro-hybrid ("start-stop”) electric vehicles and industrial grade energy storage.  The company has testing arrangements with car manufacturers in China and a signed technology licensing agreement with a worldwide large battery maker. The company has a wholly owned lab in Shenzhen and a Sino-foreign joint venture in Anhui for manufacturing.  Sea Cliff Capital was engaged as the co-advisor and helped secure financing for the company’s expansion in China.