A Harvard-backed startup, Adden Energy, has developed a battery for electric cars that is capable of fully charging in three minutes and lasting more than twice that of current EV batteries or 20 years. The startup has received $5.15 million in funding to commercialise the game-changing battery. The technology has received an exclusive license from Harvard’s Office of Technology Development, and the funding was led by Primavera Capital Group, with participation by Rhapsody Venture Partners and MassVentures.
