Accuron and Hyundai CRADLE have partnered to announce a strategic investment in Singapore-based Xnergy Autonomous Power Technologies (Xnergy). The startup is renowned for creating cutting-edge contactless charging systems that improve self-driving electrified transportation. Accuron’s New Ventures pillar, which is committed to promoting cutting-edge technology through focused venture investments, officially launches with this investment.
The Group’s strategic vision has been significantly expanded by Accuron New Ventures, which focuses on investments in high-potential start-ups that complement sustainability programs and global megatrends. Through this program, Accuron strengthens its position in emerging markets by discovering and investing in cutting-edge technologies that are driving industry innovation.
Xnergy was chosen because of its dominant market position in the automated mobile robot (AMR) charging industry and its capacity to take advantage of growth prospects in the electric vehicle (EV) charging industry, especially in China. The start-up’s potential as a game-changing leader in this industry is further enhanced by its exclusive technologies and strong management team.
“We are delighted to add Xnergy to our investment portfolio and support its mission of bringing safe, efficient, and maintenance-free contactless charging to mobile robots and electric cars,” said David Goh, Head of Hyundai CRADLE Singapore, expressing excitement for the partnership.
Accuron, Hyundai CRADLE, and Xnergy aim to work together to fully utilize Xnergy’s cutting-edge technologies and solutions, launching the business into its next stage of expansion and advancement.