Welcome!

Government Cloud Authors: Elizabeth White, Pat Romanski, Dana Gardner, Liz McMillan, Gopala Krishna Behara

News Feed Item

Epyon Raises EU7 Million in Equity to Scale up Its EV Fast-Charger Business

- New Financing and Partnership With LiteOn Provide Solid Base for Accelerated Expansion in Europe

RIJSWIJK, Netherlands, November 1, 2010 /PRNewswire/ -- Epyon BV, the leading European supplier of intelligent charging solutions for electric vehicles (EVs), received 7 million euros in new equity funding from five investors, providing a solid foundation for its ongoing effort to scale up operations across Europe - as the market for EV fast chargers is taking off.

"The coming year will be pivotal for our rapidly expanding industry. We are very well positioned to capture growth and we are fully energized to move ahead, backed by an exceptional mix of investors," said Hans Streng, CEO of Epyon. "This financing gives us a solid base, both financially and industrially, as we roll out operations throughout Europe."

Epyon welcomes three new shareholders: LiteOn Technology Corp. from Taiwan and Dutch investors BOM and Breesaap, the investment fund of former Dutch Prime Minister Ruud Lubbers. The existing investors, SET Venture Partners and Chrysalix, also participated in the financing round and will remain Epyon's largest shareholders. After closing, all five investors will be represented on Epyon's supervisory board.

Parallel to the financing agreement, Epyon and LiteOn also agreed on a business cooperation. LiteOn will support Epyon's market development in parts of Greater China, Asia, Europe and the U.S, based on its strength in volume production, marketing and logistics and its regional connections. Epyon will continue to produce lower-volume and modular products through its existing partnerships in Europe.

"Epyon's leading EV fast-charging technology coupled with its unique value proposition in the electric vehicle market is visionary and matches LiteOn's long-term strategy. Epyon's geographic location also helps to develop LiteOn's presence in Europe. LiteOn will closely cooperate with Epyon in delivering integrated charging and energy storage solutions to customers," said David Lin, Chairman of LiteOn Clean Energy Technology Corp.

Epyon will also significantly increase its access to the high-tech community through the network of regional development company BOM, which operates in the heart of the Dutch high-tech automotive sector.

"We are pleased to make a contribution to the development of electric vehicles with our BOM Participation Fund and our Spin Off Fund Brabant," said Frank van de Ven, Sr. Investment manager at BOM. "Epyon does have our special interest because their solutions address the challenge the industry faces in the development and standardization of the network of intelligent charging solutions."

Bart Lubbers, director of Breesaap, adds that he's convinced that the ability to charge an electric vehicle within 20 minutes will lead to a breakthrough in electric mobility and the related services industry.

Epyon, founded in 2005, earlier this year launched Europe's first commercially operated fast-charging station and recently signed several agreements to deploy its highly scalable multi-post solutions.

About Epyon

For more information about Epyon, please visit http://www.epyonpower.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
Cell networks have the advantage of long-range communications, reaching an estimated 90% of the world. But cell networks such as 2G, 3G and LTE consume lots of power and were designed for connecting people. They are not optimized for low- or battery-powered devices or for IoT applications with infrequently transmitted data. Cell IoT modules that support narrow-band IoT and 4G cell networks will enable cell connectivity, device management, and app enablement for low-power wide-area network IoT. B...
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...