SF Motors, a Silicon Valley electric vehicle (EV) company, today announced the acquisition of InEVit, an electric vehicle (EV) battery modularization startup headed by industry trailblazer and former Tesla CEO, Martin Eberhard.
The company has developed and patented a unique EV chassis architecture, battery module design innovations and manufacturing techniques that will allow the EV industry to rapidly scale manufacturing of cost-and-feature-competitive vehicles.
The pre-revenue company will become a wholly owned subsidiary of SF Motors, and will continue to market and license its innovations to competitive vehicle OEMs.
Heiner Fees will now serve on the SF Motors Innovation Committee and continue as managing director of InEVit, while company CEO Mike Miskovsky will become SF Motors’ chief development officer while also retaining his prior title at InEVit.
InEVit has been working on a chemistry- and form-factor-agnostic battery module design that has led to key breakthroughs in energy density, manufacturing, serviceability and safety for its OEM partners.
With this merger, SF Motors aims to further increase its investment in the development of e-powertrain systems and broaden its licensing and supply relationships with global OEM customers.
Rajani Baburajan