ZapGo Ltd (closely held)

ZapGo Ltd (“Zap&Go” or the “Company”) is a UK-based technology company that has developed a new category of energy storage device—the Carbon-Ion™ (C-Ion®) cell—that combines the capacity and slow discharge performance of lithium-ion (Li-ion) batteries with the time to charge, safety, and environmentally friendly features of supercapacitors. The Company believes that its proprietary C-Ion® technology provides a better alternative to the current Li-ion batteries used in products such as mobile phones, cordless power tools, and electric cars. This is because C-Ion® charges much faster than current Li-ion batteries, eliminates Li-ion’s flammable components (which can create a safety and fire risk), and is still able to deliver energy storage capacity that is more in line with Li-ion batteries. Following the debut of Zap&Go’s technology at the 2017 Consumer Electronics Show (CES 2017) in January 2017, the Company expects the first Zap&Go-enabled products to be available for consumer purchase in early 2018. The first products, based on Zap&Go’s proprietary Gen 3 technology, target the electric scooter, cordless power tools, and automotive after-markets. The Company’s thinner, more energy dense proprietary Gen 4 technology, which is designed for consumer products, is expected to be market ready by early 2019. Zap&Go seeks to partner with manufacturers across a range of industries who may incorporate the Company’s technology directly into their products and commercialize these products under their own names with the “Powered by Zap&Go” logo on the product (similar to the Intel Inside® initiative). The Company believes that this strategy shortens time to market (TTM) and allows Zap&Go to utilize the resources of its partners for market penetration efforts.

* The Corporate Snapshot was last updated on November 7, 2017.