U.S. Department of Energy

The U.S. Department of Energy is a government agency established in 1977, located in Washington, D.C. Its primary mission is to ensure the security and prosperity of the nation by tackling energy, environmental, and nuclear challenges. The Department focuses on promoting transformative scientific and technological solutions to address these issues, thereby supporting the country's energy needs and environmental sustainability.

Maria Robinson

Director of DOE's Grid Deployment Office

Jigar Shah

Director

Past deals in Automotive

BorgWarner

Grant in 2022
BorgWarner is a global product leader in powertrain solutions. They focus on developing leading powertrain technologies that improve fuel economy, emissions and performance. Their facilities are located across the globe in order to provide local support of their diverse customer base.

BorgWarner

Grant in 2021
BorgWarner is a global product leader in powertrain solutions. They focus on developing leading powertrain technologies that improve fuel economy, emissions and performance. Their facilities are located across the globe in order to provide local support of their diverse customer base.
Titan Advanced Energy Solutions specializes in developing advanced battery management systems for lithium-ion batteries, leveraging patented ultrasound technology to enhance battery performance. Their flagship product, ionView, delivers over 99% accuracy in state-of-health and state-of-charge assessments, which leads to a minimum 20% increase in charge capacity and a 125% extension of battery life. The systems also offer real-time monitoring, safety controls, and cell-level balancing. Titan's solutions cater to a diverse range of industries, including automotive, energy storage, mobile devices, and battery manufacturing, ultimately supporting the electrification and decarbonization efforts for a sustainable future. Founded in 2016 and located in Somerville, Massachusetts, the company was previously known as Titan Energy Analytics.
American Axle & Manufacturing, Inc. is a manufacturer that specializes in designing, engineering, and supplying driveline and drivetrain systems, as well as related components for various vehicle types, including light trucks, SUVs, passenger cars, crossover vehicles, and commercial vehicles. The company's product offerings encompass axles, chassis modules, driveshafts, power transfer units, transfer cases, and metal-formed products. American Axle operates globally, serving customers in North America, South America, Europe, and Asia through a network of distributors. Incorporated in 1993 and headquartered in Detroit, Michigan, the company has additional offices in several countries, including Brazil, China, Germany, India, Japan, Luxembourg, Mexico, and Poland, along with research and development centers in Michigan and Sweden. The company primarily generates revenue from its driveline segment while also engaging in metal forming.

Nikola

Grant in 2019
Nikola Motor Company, a subsidiary of Nikola Corporation, is focused on transforming the transportation industry through the development of zero-emission vehicles. Founded in 2014 and based in Salt Lake City, Utah, the company designs and manufactures battery-electric and hydrogen-electric vehicles, along with electric powertrains and vehicle components. In addition to its vehicle offerings, Nikola also creates energy storage systems and infrastructure for hydrogen fueling stations, aiming to provide comprehensive solutions for sustainable transportation. With a commitment to reducing emissions across the energy production and consumption spectrum, Nikola Motor Company seeks to disrupt the industry on a global scale.

Inventev

Grant in 2016
Inventev delivers mobile power generation using an innovative Plug-in Hybrid Electric Vehicle (PHEV) commercial truck architecture. They are developing and applying their key next-gen propulsion and controls technology to OEM-branded trucks creating electrically-biased drive systems.Their market focus is on medium duty classes 2B to 5 (such as F250/350/450/550; 2500/3500; etc.) where many work trucks carry cargo or perform job site tasks.

Uqm Technologies

Grant in 2010
UQM Technologies, Inc. is a company that develops, manufactures, and sells electric motors, generators, power electronic controllers, and fuel cell compressors primarily for the automotive and industrial sectors. Founded in 1967 and headquartered in Longmont, Colorado, UQM offers a range of products including propulsion motors for electric and hybrid vehicles, auxiliary motors, electronic controls, and DC-to-DC converters. Its technology is designed for various applications such as passenger buses, commercial trucks, marine vessels, and military vehicles. The company also provides research, development, and engineering services, along with aftermarket support and remanufacturing. UQM's products are sold to original equipment manufacturers, tier 1 suppliers, and vehicle integrators across multiple markets in the United States, Canada, Europe, and the Asia Pacific. As of July 2019, UQM operates as a subsidiary of Danfoss Power Solutions (US) Company.

Fisker

Debt Financing in 2009
Fisker, Inc. is a designer and manufacturer of electric vehicles and mobility solutions, headquartered in Manhattan Beach, California. The company aims to revolutionize the automotive industry by creating eco-friendly vehicles that evoke emotional responses from consumers. Fisker's commitment to sustainability is reflected in its focus on producing electric vehicles that align with modern environmental standards. The company has a notable history, having previously produced the Fisker Karma, one of the first luxury plug-in hybrid electric vehicles, which garnered attention during its debut at the 2008 North American International Auto Show. Although production of the Karma was halted in 2012, Fisker has since shifted its focus towards developing innovative electric vehicles that meet the growing demand for sustainable transportation solutions.

Ecotality

Grant in 2009
ECOtality, Inc., together with its subsidiaries, engages in designing, manufacturing, testing, and commercializing electric vehicle (EV) charging and energy storage systems in the United States and internationally. It primary products include the Blink line of charging stations for passenger vehicle applications, such as Blink Level 2 residential and commercial chargers, and the Blink DC Fast Chargers, as well as a turnkey network operating system for EV drivers, commercial businesses, and utilities; and the Minit-Charger line of fast-charge systems for off-road industrial applications, including material handling operations and airport ground service equipment. The company also provides testing and engineering consulting services that comprise EV Micro-Climate process, a planning and consulting program for municipal planning organizations and utilities for physical charge infrastructure installations at residential, commercial, and public locations, as well as review of regulatory issues, public awareness, and marketing programs to support the various value chains associated with the EV Micro-Climate process. In addition, it offers power solutions comprising solar and battery pack manufacturing and assembly, electric charging station assembly, and repair and maintenance services; and operates Fuel Cell Store, an online marketplace for fuel cell-related products and technologies with online distribution sites in the United States, Japan, Russia, Italy, and Portugal. The company was formerly known as Alchemy Enterprises, Ltd. and changed its name to ECOtality, Inc. in November 2006. ECOtality, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.

Tesla

Debt Financing in 2009
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles and energy generation and storage systems globally, including in the United States, China, and Europe. The company operates in two main segments: Automotive and Energy Generation and Storage. The Automotive segment offers a range of electric vehicles, including sedans and SUVs, and provides electric powertrain components and related services through its service locations and mobile technicians. It sells its vehicles through company-owned stores and its website. The Energy Generation and Storage segment focuses on energy storage solutions, such as lithium-ion battery systems for homes and commercial applications, and includes the design and installation of solar energy products. Tesla also offers vehicle insurance and promotes renewable energy solutions. Founded in 2003 and headquartered in Palo Alto, California, the company aims to accelerate the world’s transition to electric mobility by expanding the availability and affordability of electric vehicles.

Aptiv

Venture Round in 2008
Aptiv's signal and power solutions segment supplies components and systems that make up a vehicle's electrical system, including wiring assemblies and harnesses, connectors, electrical centers, and hybrid electrical systems. The advanced safety and user experience segment provides body controls, infotainment and connectivity systems, passive and active safety electronics, advanced driver-assist technologies, and displays, as well as the development of software for these systems. In 2023, Aptiv's top 10 customers accounted for 54% of revenue, all of which were less than 10%. Historically, General Motors, Stellantis, Ford, and Volkswagen, have been the firms largest customers.more
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