BattGenie
The news: BattGenie — a startup on the short list for best names because, let’s face it, batteries are kind of magical — was chosen for an accelerator that provides $250,000 in non-dilutive funding.
The gist: BattGenie is a University of Washington spinoff that has developed software to goose the performance of lithium batteries that power electrical vehicles, consumer devices and other electronics. The software helps optimize fast recharging while extending the life of batteries.
The backers: The accelerator is a partnership between energy giant Shell Global and the National Renewable Energy Laboratory (NREL) and goes by the much less fabulous name Shell GameChanger Accelerator Powered by NREL (GCxN). In addition to the cash, the accelerator provides access to research and development resources at NREL, a U.S. Department of Energy (DOE) facility based in Colorado.
The history: The company got its start with a grant in 2013, and incorporated in 2017. The technology came out of the lab of Chief Technology Officer Venkat Subramanian, a mechanical engineering professor now located at the University of Texas.
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