venture capital

The US Department of Energy is providing $80 million in funding to 42 projects to implement research and development of advanced vehicle technologies.

The aim is to ensure more affordable mobility, strengthen domestic energy security, reduce our dependence on foreign sources of critical materials and enhance US economic growth.

US Secretary of Energy Rick Perry, said: “Improving the affordability of transportation for American consumers and businesses keeps our economy moving.

“By investing in a broad range of  vehicles technologies, DOE is ensuring America remains at the forefront of innovation.”

Selected projects cover the following areas:

  • Batteries and Electrification ($31.9 million)

These research projects will:

  1. Develop technologies to recharge multiple electric vehicles quickly and at very high “extreme” power levels.
  2. Develop software, controls and hardware to provide physical and cybersecurity protection of electric vehicles and electric vehicle charging infrastructure.
  • Technology Integration ($26.8 million):

Projects will bring together key stakeholders, including Clean Cities coalitions, in partnership to provide data on the impact of mobility services and solutions through real-world testing (evaluation/ assessment) and validation.

Off-road and Fluid Power Systems ($3.4 million):

Focus will be to improve the energy efficiency of off-road vehicles used in construction, agriculture and mining applications.