15 automotive OEM and Tier-1 to evaluate EVR’s electric motors

Over 15 global vehicle manufacturers and Tier-1 automotive companies in eight countries will conduct evaluations of high-performance electric motors developed and manufactured by EVR Motors in Israel. The novel motors are less than half the size and weight of existing state of the art RFPM (Radial Flux Permanent Magnet) motors with similar power. The company is also developing additional motors and setting up an assembly line in Israel, planned to start large scale production in H2 2022.

EVR said it will tailor the motors according to the performance, size, cost, and other requirements of each specific customer. Customers not interested in manufacturing motors can be supplied with motors manufactured by EVR or its partners, including motors deigned to meet their specific requirements.

“Vehicle manufacturers want electric motors with less size, weight and cost, which provide more power, efficiency and flexibility – and this is exactly what we are providing,” noted Opher Doron, CEO of EVR Motors. The breakthrough electric motor we unveiled in May 2021 witnessed tremendous interest from OEMs, Tier-1s and potential partners.”

EVR’s first two/three-wheeler air-cooled 48/96V motor provides a peak power of 17kW and peak torque of 41Nm, yet weighs only 9 kgs, with a volume of 2.7 liters. The company is also developing a water-cooled  35kW motor, a small 6.5 kg, 7-9 kW motor for two wheelers, and a water-cooled 400V motor for passenger cars and light commercial vehicles.

New Topology for Old Technology

The new electric motors are based on EVR’s patented TS-RFPM (Trapezoidal Stator Radial Flux Permanent Magnet) topology, which provides improved performance, while at the same time maintaining the advantages of traditional RFPM motors. The motors generate higher power for their size thanks to increased flux, high fill factor, superior copper utilization, heat dissipation and thermal capacity. The novel topology provides significant reduction in cost as a result of lower Bill of Materials (BOM) and production costs, along with a simple assembly process.

EVR Motors will target most mobility and industrial applications, including two and three wheelers, passenger and light electric vehicles, trucks, busses, Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plugin Hybrid Electric Vehicles (PHEVs), Mild Hybrid Electric Vehicles (MHEVs), golf carts, forklifts, trains, boats etc. TSRF technology can support a wide range of power and torque outputs, with voltage ranging from 48V to 800V, that are suitable for different power levels and for a wide range of speeds.

EVR Motors was founded by its current president and COO Eli Rozinsky, together with Victor Kislev and Ruslan Shabinski. The company’s chairman is Ophir Shoham, former Director of the Defense R&D Directorate at the Israeli Ministry of Defense (MAFAT). The CEO Opher Doron, is a former GM of Israel Aerospace Industries (IAI) Space Division. The company is backed by a strong team of investors, led by Marius Nacht, co-founder of Check Point, and the participation of Teramips Technologies, Varana Capital and SIBF. It is now raising Series A funding round to accelerate its penetration into the market, develop additional motors and increase production capacity.

StoreDot to establish a US Hub to accelerate a Solid State battery development

SroreDot Company, the developer of Extreme Fast Charging Battery, is going to open an R&D center in California. This major step is part of the company’s development efforts to create the next generation of its battery, which will be a Solid State one, with extreme energy-density (XED) and will allow for driving range greater in 50% than the current generation. At the same time, the company announced its negotiations with USA-based manufacturers to establish a local battery production line, in order to shorten supply chain for American customers. Currently, company’s batteries are manufactured in China by the local battery manufacturer EVE.

In Solid State battery, the electrolyte, through which ions pass in the loading-unloading process between the electrodes is made of solid material. In the existing Lithium-Ion batteries, the electrolyte is usually made of liquid or polymer-gel. Solid State batteries are considered safer, since they don’t suffer from current batteries’ dangers such as high temperatures flammable or explosion, liquid leakage etc. in addition, the Solid State battery’s capacity should be larger, allowing for higher driving range. The main challenge is to develop a solid material that will be solid at the one hand, and high conductivity at the other hand. Also, the developers have to cope with solid electrolyte’s tendency to crack and be broken.

The Solid State battery is considered to be the Holy Grail of the EV industry, the one that will make electric vehicles cheaper, safer and with higher driving range, soothing range anxiety. Many players at the vehicle industry put a lot of efforts in developing Solid State batteries. One of the leaders in these development efforts is Toyota, lately announced an $13.5 billion investment plan for developing new batteries technologies and production capabilities, to include a Solid State battery. The Japanese manufacturer is expecting to complete the development of the battery in the middle of current decade, although lately admitted that it struggles with some technical difficulties. Among other manufacturers, Ford, BMW, and Volkswagen are all in the race for developing Solid State battery. The American EV manufacturer of Fisker, which has much more limited resources being a start-up company, announced six months ago that it completely cancels its program to develop such battery. 

Ultra-fast charging of EV’s batteries

StoreDot has developed the FlashBattery technology, allowing Li-ion batteries to be charged in only several minutes. This technology is based on NanoDots particles, each at the size of 2 nanometers, characterized by high capacity and integrated in the electrolytic liquid within the battery.

In early 2021, StoreDot has produced the pilot production batch of EV batteries in a plant of the Chinese battery manufacturer Eve Energy. These batteries were used to demonstrate full charge of a two-wheeled EV in just five minutes. At May 2021 StoreDot signed an agreement with Eve Energy, under which it will produce early samples for clients by the year end, and starting at 2024 it will mass-produce the batteries for integrating in various EVs.

REE enters NASDAQ with a valuation of $3.1 Billion

The Tel Aviv-based REE Automotive and 10X Capital Venture Acquisition Corp (“10X SPAC”) have entered into a merger agreement for a business combination that would result in REE becoming a publicly listed company. Following the close, NASDAQ will list the combined company under the ticker “REE”. REE Automotive has developed EV platform which is completely flat, scalable and modular. The transaction values the combined company at a value of $3.1 billion.

REE’a platform is based on two core innovations: the REEcorner integrates all traditional vehicle components into the arch of the wheel, and the REEboard that provides a completely flat and modular electric platform. Each REECorner is completely independent and powered by its own ECU and consists of Electric motor, Single wheel steer-by-wire, Single wheel brake-by-wire, Multi-ratio drivetrain, Preventive maintenance AI and OTA updates.

The REEboard’s scalable technology allows it to carry a very large variety of different permutations without the need to design a new platform for each vehicle type. Since it does not store any drive components it can be designed to take any shape. It is accessibility from all sides and utilizes CANopen and supports any ADAS interface.

The combined company is expected to receive approximately $500 million in gross cash proceeds from a combination of US $201 million in cash held in 10X SPAC’s trust account, and $300 million from committed strategic investors including Koch Strategic Platforms, Mahindra & Mahindra and Magna International. The capital will accelerate mass production of REEcorner technology and modular EV platforms, expected to begin in 2023.

Daniel Barel (left), REE Co-Founder & CEO and Ahishay Sardes, REE Co-Founder & CTO
Daniel Barel (left), REE Co-Founder & CEO and Ahishay Sardes, REE Co-Founder & CTO

REE is planning to utilize manufacturing capacity via a secured and exclusive global network of Tier 1 partners in over 30 countries, with point-of-sale assembly. This strategy is expected to enable REE to reach profitability by 2024. The existing shareholders and investors will continue to hold their equity ownership, including Mitsubishi Corporation, American Axle, and Musashi Seimitsu Industry.