Open Energy offers B2B solutions for sustainable transportation through its electric vehicle (EV) battery swap technology, which facilitates rapid battery exchanges to minimize vehicle downtime. This technology addresses the limitations of charging infrastructure, improving operational efficiency in logistics and transportation.
Funding
$420K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Electric vehicle (EV) fleets face operational inefficiencies due to lengthy charging times and concerns about battery degradation, hindering their ability to operate continuously. Traditional charging methods are often too slow to support the demands of high-mileage fleets, while fast-charging can negatively impact battery lifespan and increase infrastructure costs.
Solution
Open Energy provides an AI-driven battery-swapping solution, HyperSwap, that enables EV fleets to quickly exchange depleted batteries for fully charged ones in under 2.5 minutes. This rapid turnaround minimizes vehicle downtime, allowing for 24/7 operation without the limitations of conventional charging. The system supports multiple battery pack standards and integrates with approximately 80% of current EV models without requiring vehicle modifications. Open Energy's stations also function as distributed energy storage systems, enhancing grid stability and enabling energy arbitrage. AI-powered orchestration optimizes energy consumption, battery health, and grid alignment, ensuring access to the lowest-cost energy and extending battery lifespan.
Target Audience
Open Energy primarily targets fleet operators in last-mile delivery, e-commerce, parcel services, food delivery, and ride-hailing, as well as EV manufacturers and energy companies seeking innovative energy storage and grid stabilization solutions.
Features
- AI-driven platform for orchestrating mobility, energy assets, and grid supply/demand dynamics
- HyperSwap stations enable full battery replacement in under 2.5 minutes
- Stations support multiple battery pack standards without extra infrastructure costs
- AI-powered battery management extends battery lifespan up to 3X through optimized charging
- Stations function as distributed Energy Storage Systems (ESS) to stabilize the grid
- Compatible with approximately 80% of current EV models with minimal vehicle modifications
- Designed for easy integration into existing energy infrastructure (plug & play)