Why Invest:
- The Smart Wall Series Built to Outperform Tesla’s Powerwall
- More Power Capacity, Safer, With More Features at a Lower Cost
- Including Remote Monitoring and Maintenance
- Creating Greener & Smarter Solutions in the Battery Space
“Tap Into an EV Battery Opportunity That’s Better than Tesla”
(Image via Extreme Vehicle Battery Technologies Corp.)
Despite last year being difficult for many businesses due to prevailing market conditions around the COVID-19 pandemic, activity in the energy storage market held up well in 2020 and is shaping up to do even better in 2021.
There has been a lot of excitement within the tech sector around the future implications around power for the electric vehicle (EV) revolution, with the energy storage systems (ESS) market is projected to grow to almost $550 Billion by 2035 … now retail investors from all walks of life want a piece of this action.
The hunger is so great that one of the biggest household names in this space, Tesla (NASDAQ: TSLA), has been compelled to admit that its team cannot keep up with the demand for ESS products … which has opened up a prime spot for a Company like Extreme Vehicle Battery Technologies Corp. (CSE: ACDC, Forum) to move in and offer its own line of products - the IoniX Pro Series.
This line of ESS products is not only more powerful than Tesla's offering, but it is also cheaper, click here for a deeper look and a head-to-head comparison. ACDC recently launched the first new battery product in this line – the Home Smart Wall, a lithium-ion battery ESS with artificial intelligence (AI) integration allowing real time monitoring, maintenance, and repairs.
While this is destined for personal use, ACDC also just unveiled its own line of mega-storage industrial-scale ESS solutions with the launch of the TITAN series, designed to compete with Tesla's MegaPack in the North American market.
The Titan series of customized, scalable ESS products includes:
- An Industrial model
- A City / Smart Grid model
- A Remote Back Up Model
- A Renewable Energy Unit
In a news release detailing the specs for investors, EV Battery Tech Chief Executive Officer, Bryson Goodwin reiterated his company's belief that the market for ESS or battery storage will increase exponentially in the coming years.
"With the imminent launch of our previously announced Home Smart Wall, we wanted to give the world a little sneak peek into the next series of products we intend to launch this year."
Just like the Smart Wall series, the TITAN series is being rolled out to consumers at a lower price point than similar products sold by its competitors (such as Tesla), yet still boasts equal power and quality.
Extreme Vehicle Battery Tech has kept busy with the recent launch of the IoniX Pro Recreational Vehicle Series.
How can investors get in on this distinct line of products while market appetite is still fresh? EV Battery Tech is advancing a non-brokered private placement for gross proceeds of up to $2.5 million by issuing up to 12.5 million units at a price of $0.20 per Unit. The Company intends to use the proceeds from the Offering towards product development, research, and development and for general working capital.
Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will be exercisable into one Common Share at an exercise price of $0.50 for a period of three years.
Cheers,
JC