Accuron Technologies & Hyundai CRADLE Co-Invest in Xnergy, Pioneering Contactless Charging Solutions!

Accuron Technologies, in collaboration with Hyundai CRADLE (Hyundai Motor’s corporate venturing and innovation arm), has announced a strategic investment in Xnergy Autonomous Power Technologies, a Singapore-based start-up developing cutting-edge contactless charging solutions for autonomous electrified mobility. This investment marks the official launch of Accuron’s New Ventures pillar, focused on fostering innovation through targeted venture investments.

Accuron New Ventures aims to identify and invest in high-potential start-ups aligned with global megatrends and sustainability objectives, further positioning Accuron as a leader in driving industry transformation. This latest investment in Xnergy exemplifies Accuron’s commitment to supporting emerging companies by not only providing financial backing but also offering strategic corporate management and expert oversight.

Xnergy was selected for its strong foothold in the autonomous mobile robot (AMR) charging market and its potential within the electric vehicle (EV) charging sector, particularly in China. The company’s proprietary technology, strategic partnerships, and robust management team make it a transformative player in contactless charging solutions.

Edwin Chow, Vice President of Industrials & New Ventures at Accuron Technologies, expressed enthusiasm for the investment, stating, “Xnergy’s innovative solutions in contactless charging are set to make a significant impact on the evolving EV market. This aligns perfectly with our broader strategy of investing in transformative technologies that contribute to a sustainable future.”

David Goh, Head of Hyundai CRADLE Singapore, shared similar sentiments, highlighting Xnergy’s potential to revolutionize charging for mobile robots and electric vehicles with its maintenance-lite, contactless charging solutions.

Founded in 2018, Xnergy has pioneered high-power contactless charging solutions that address key challenges in electrification, offering scalability, safety, and efficiency. With backing from Hyundai CRADLE and Accuron, Xnergy is well-positioned to advance its technology and become a leader in the automotive and electrification industries. CF Tong, CEO of Xnergy, expressed gratitude for the support and emphasized the company’s readiness to achieve new milestones and drive innovation in the sector.