Battery X Metals Initiates Revenue Sharing for Battery Rebalancing Technology

Battery X Metals Inc. has announced a Commercial Revenue Share Agreement for their second-generation lithium-ion battery rebalancing machine, known as Prototype 2.0. The agreement is with a Vancouver-based automotive service center specializing in out-of-warranty Tesla vehicles. This marks the first commercial use of the technology in a customer-facing environment.

Under the agreement, Battery X Rebalancing Technologies will receive 20% of the revenue for each rebalancing procedure. This collaboration allows them to generate revenue without direct operating costs, aiming to commercialize their battery rebalancing solution.

Prototype 2.0 demonstrated a significant improvement in battery range during a trial with an electric truck, increasing the range from 40 km to 295 km, showcasing its potential in the market.