Tuesday, May 10, 2011

PowerGenix Passes Safety Testing

San Diego-based PowerGenix, the venture-backed develops of rechargeable Nickel-Zinc (NiZn) batteries, said today that its battery cells have met safety standards from the Department of Energy FreedomCar and Society for Automotive Engineers (SAE). The company said the testing of the batteries moves its closer to commercial deployment in electric and hybrid electric vehicles. PowerGenix is venture backed by Advent International, Angeleno Investors, Bessemer Venture Partners, Braemar Energy Ventures, DFJ Element, Granite Ventures, OnPoint Technologies, and Technology Partners.