Alpine 4 Holdings Inc announced that it has acquired ElecJet/Real Graphene, entering the lithium and graphene battery manufacturing and design.
The Phoenix-based tech company and ElecJet are also exploring plans with the State of Indiana to convert its South Bend, Indiana facility into a US battery production facility and bring graphene battery production to the United States.
READ: Alpine 4 Holding announces direct offering of 8.5 million shares to raise $24M
“The combined efforts of Alpine 4 and ElecJet culminated in two achievements. The first was recognizing that the business opportunities for ElecJet would be greatly enhanced as an Alpine 4 subsidiary,” said Kent Wilson, CEO of Apline 4.
He added: “The second was that working together as one company, we could offer the electric vehicle (EV) market a new and compelling battery solution.”
The two companies, Real Graphene and ElecJet, merged earlier this year, resulting in the combination of the graphene intellectual property of Real Graphene and the power system/charging hardware of ElecJet. The result of this merger was a symbiotic marriage of ground-breaking state-of-the-art battery and power system technology within a single company, the release said.
One key performance aspect of graphene batteries is that they will be able to charge 5-8 times faster than the aforementioned lithium batteries.
Most EV manufacturers use pure lithium battery cells, such as the 18650, 21700, and 4680. EV companies such as Rivian, Tesla, Lucid and others, utilize varying battery cells depending upon the power to energy density needs of the vehicle they are producing. ElecJet's graphene lithium battery offering will enhance all three primary battery cells currently used by EV manufacturers (18650, 21700, and 4680) in both power density and energy density.
“Imagine charging your car from 0-80% at a DC rapid charging system in under 10 minutes compared to 30-45 minutes with just lithium batteries and subsequently not damage the battery cells within your vehicle like repeated DC charging can do,” said Wilson. “This will bring the feasibility of vehicles that use our graphene batteries in line with the time it takes to fill a conventional vehicle with gas. We feel this is the game-changer for the EV market as well as other various commercial applications."
The company said its latest power bank on Indiegogo is over three times the battery capacity of an iPhone 13 and will fully charge in just 27 minutes.
ElecJet has proven on a commercial scale that its graphene battery technology not only allows charging over five times faster, but that it is a safe, mass-producible, compact, cost-efficient, sustainable, and consumer-friendly product.
Alpine 4 is a NASDAQ-traded conglomerate that acquires businesses that fit into its disruptive DSF business model of drivers, stabilizers, and facilitators.
Contact Ritika at ritika@proactiveinvestors.com