ZEN Yachts confirms Series A funding round from Ocean Zero and reveals the pre-sale of four ZEN50 catamarans using a lightweight carbon-fiber structure and a computer-operated Wingsail from French startup AYRO.
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At the Mobile World Congress in Barcelona this week, the company is showcasing EV charging and energy management business opportunities for telecom providers, which can leverage existing assets to jump-start entry into a rapidly growing marketplace, according to CEO Doron Frenkel.
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Unlike most battery tech companies focusing on chemistry, the Israel-based startup founded in 2018 focuses on improvements of the physical structure of the battery allowing the company to improve any type of battery including new technologies that have not yet been commercialized.
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With the launch of its first funding round, the company hopes to begin e/y 30 prototype production in April, completing the first boat in November, with plans calling for three battery pack sizes of 46, 70, or 93 kW·h and propulsion by two 15-kW propulsion pods from SeaDrive.
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Ethan Goldsmith, of Keyframe Capital Partners, L.P., writes about the four steps to secure the grid for electrification as the Inflation Reduction Act looks set to unleash more than $800 billion in spending and turn the U.S. into one of the world’s leading energy providers.
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