A Battery Startup Raised $330 Million on the Promise of Charging EVs in 5 Minutes—It Just Filed for Bankruptcy | Poal: Say what you want.

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A Battery Startup Raised $330 Million on the Promise of Charging EVs in 5 Minutes—It Just Filed for Bankruptcy (www.inc.com)

https://archive.ph/BZw5r

The article almost has TDS about the whole thing, but this company has been around for 11 years. If they couldn't figure it out by now, they weren't going to.

https://archive.ph/BZw5r The article almost has TDS about the whole thing, but this company has been around for 11 years. If they couldn't figure it out by now, they weren't going to.

[–] • 2 pts

(edited )

Baffling.

To “charge” a typical EV in 5 minutes, you’d need:

700–900 kW of power

1,000–2,000 amps depending on voltage

Cables the size of a python

Connectors that could double as arc‑welding equipment

A battery chemistry that can survive 12C charge rates without turning into a space heater

And that’s before you even get into grid requirements. A single 5‑minute charger would draw as much power as:

A small grocery store, or

A city block of homes, or

A locomotive

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[–] • 3 pts

They wanted to swap batteries. Title is clickbait.

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[–] • 1 pt

The bottleneck is the batteries.

Battery companies that are working on better batteries are conditionally interesting.

Battery companies that are building vending machines for swapping them aren't.

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[–] • 1 pt

A ponzi scheme that convinced people that don't understand electrical principles stole 330 million before going bankrupt.

If only there was some law of physics that dictated how much power you could shove into a battery across time.

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[–] • 4 pts

They wanted to replace the battery packs on the fly. The title is clickbait.

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[–] • 2 pts

India has a system that uses aluminum ion batteries and hydraulic lifts to remove and replace the pack. Looked interesting, but it's pajeet so I doubt it'll ever get anywhere past conception

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[–] • 1 pt

I seem to remember China babbling about something similar.

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[–] • 1 pt

Oh...didn't read...but yeah, you can't recharge that fast but you can swap.

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[–] • 1 pt

(edited )

I think only NIO ist left as a serious contender. https://www.niostats.com/

Can't see that tech going anywhere in the long run. Too many issues, too little benefit. Their stock is in the tank as of right now.

Just replace the plutonium core. They're sold in blister packs of twelve at every station. Whoops, wrong time line.

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[–] • 1 pt

And some kike got paid. That's the real problem. Anything else doesn't matter.

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/s/business

created ago

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Posts that are amusingly bad may be moved to and deemed "Coke." Batteries are not included, this offer void where prohibited by law, which is pretty much everywhere including the moon, Mars, and specifically exoplanet GA3-701 where it is punishable by a fine of not less than 15²⁸ stimborbs and 376 solar years in prison. No cash value save that which is in your pants pockets and will need to be given to us. By using this sub, you offer control of your eternal soul to stupidbird who may use it for whatever purposes, up to and including the dark arts in which case your only recourse is to appeal to the council of evil and have your petition denied. Birds are not real. We’ll decide what will be on the contract. You’ll pay us to be allowed to do the work. You will make the product. Then you’ll give it to us, and it will be ours forever. If anybody buys it, we might give you some money. If you’re lucky. Or we might put it in a drawer and forget about it. In any event you will get nothing, and you will thank us for it. This isn't the algorithm, it is close. You understand that any breach of this agreement will invoke unspecified consequences of a dire nature, potentially affecting your being in ways beyond your comprehension. Proceed at your own peril. We've increased your synergy, but this sub cannot save you money if you own a parakeet. Parakeets are not real. All posts here are for informational purposes only and should not be taken as business or medical advice. Supplies are limited, this offer void after January 1, 1922 or when supplies are exhausted. Please put that down, don't stick that in there, and for the love of god please put on some pants, no one wants to see that. (c) 1988 Con-Troll, Inc, PO Box 12, Wrestlemania, MN.