Accuron and Hyundai CRADLE have joined forces to declare a strategic investment in Xnergy Autonomous Power Technologies (Xnergy), located in Singapore. The company is well known for developing state-of-the-art contactless charging solutions that enhance electric self-driving cars. With this investment, Accuron’s New Ventures pillar which aims to advance cutting-edge technology through targeted startup investments officially opens.
Accuron New Ventures, which focuses on investments in high-potential start-ups that complement sustainability programs and global megatrends, has greatly broadened the Group’s strategic perspective. Accuron uses this program to find and invest in cutting-edge technologies that are propelling industry innovation, thereby strengthening its position in new markets.
Xnergy was selected due to its ability to capitalize on development opportunities in the electric vehicle (EV) charging business, particularly in China, and its leading market position in the automated mobile robot (AMR) charging sector. The start-up’s unique technologies and capable management team further bolster its potential as a game-changing leader in this sector.
David Goh, Head of Hyundai CRADLE Singapore, expressed excitement for the partnership: “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.”
Together, Accuron, Hyundai CRADLE, and Xnergy hope to take full use of Xnergy’s state-of-the-art technology and solutions, propelling the company into its next phase of growth and development.
