Houston EV charging technology company A Series raised $6 million

Revterra Corp. assembled. Houston-based Tech has $6 million in a Series 1 funding round to advance the development of its battery for electric vehicle charging stations.

Norway’s Equinor Ventures led the round, with participation from Houston-based SCF Ventures. Previously, Revterra raised nearly $500,000 through a combination of angel investments and a National Science Foundation grant.

Revterra says the kinetic flywheel battery enables quick, simple and cost-effective installation of high-powered DC chargers for electric vehicles. The company says the technology eases the burden on electrical grids.

“There is an urgent need to reduce carbon emissions globally,” physicist Ben Jawdat, founder and CEO of Revterra, says in a press release. “Our goal at Revterra is to deploy scalable energy storage solutions that facilitate the transition to renewables and electric vehicles while strengthening our electric grid. Our systems enable these ambitions while using recyclable materials that are based on a secure supply chain.”

Jawdat received his Ph.D. from the University of Houston, and completed his postdoctoral studies at Rice University and the Air Force Research Laboratory.

Revterra says its battery lasts eight times longer than conventional chemical batteries for charging electric vehicles, delivers four times the energy output, and causes less environmental impact.

“Revterra differentiated energy storage systems will be key to enabling rapid charging capabilities of electric vehicles and improving the resilience of the power grid,” says Hossam El-Badawy, managing director of SCF Ventures. “A successful energy transition requires efficient energy storage, and innovative technologies such as the Revterra flywheel will provide an important part of the answer.”

In 2021, Revterra joined Greentown Labs in Houston. The five-year-old startup says it plans to expand its workforce over the next 12 months, filling positions in areas such as electrical and mechanical engineering and manufacturing. Some of these employees will be involved in building Revterra’s first assembly facility, which will be located in Houston.

Revterra plans to roll out its first full-size, commercial-ready batteries in 2023. The batteries are designed to allow an EV driver to recharge a car battery in 15 minutes or less without taxing the existing electric grid.

Ben Jawdat is the founder and CEO of Revterra. Image via LinkedIn

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