Zenn boosts stake in EEStor's energy storage
Electric car maker Zenn Motor has increased its investment in EEStor, a stealth company that focuses on energy storage and claims its technology will yield an affordable car-battery pack.
Toronto-based Zenn said Thursday that it has verified previously done tests of EEStor's ultracapacitor technology and that it has invested an additional $700,000 in the company.
As part of its agreement with EEStor, Zenn now has an option to purchase as much as 10 percent of the company--up from 3.8 percent--if EEStor delivers "production-quality" energy-storage devices for small cars.
Zenn now makes its namesake "neighborhood&… Read more