Open Energy

Open Energy is a Singapore-based startup that focuses on revolutionizing EV Battery Swap & Energy Storage solutions. The company's signature offering, HyperSwap, is an innovative and cost-effective solution for EV fleets battery swap. Open Energy's stations not only allow for rapid battery swapping, with a charging time of just 3 minutes, but also serve as distributed energy storage units that help stabilize the grid. Recognized as a top startup by (Foxconn) MIH for Startups powered by Techstars, Open Energy has garnered attention and support for its cutting-edge technology. HyperSwap not only offers the most affordable and advanced battery swap solution for EV fleets, but it also boasts infrastructure costs that are up to 10 times lower than competitors, making it an appealing option for high-mileage EV fleets. With a focus on Total Cost of Ownership (TCO) optimization, Open Energy extends battery pack lifespan up to 3 times longer, driving down overall costs for fleet operators. The company's open and adaptable approach welcomes all EV manufacturers, promoting compatibility with 80% of current EV models without disrupting assembly and manufacturing lines. Open Energy's technology combines Silicon Valley innovation with Motor Valley expertise, providing 24/7 operation for logistics fleet operators and allowing E-OEMs to focus on EV manufacturing while outsourcing infrastructure concerns to Open Energy. Moreover, energy companies can invest in Battery Swap Stations and Swappable Battery Packs for use as part of their Energy Storage solutions. In summary, Open Energy's innovative approach to EV battery swapping and Energy Storage has the potential to drive significant change within the industry, with implications for EV fleets, energy companies, and EV manufacturers. As the company continues to gain traction, it presents an intriguing opportunity for potential investors seeking to tap into the rapidly evolving landscape of sustainable energy and transportation solutions.