Evida Opens UK Headquarters at Coventry University Technology Park

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Leading EV battery pack designer establishes corporate HQ in UK’s automotive capital and bolsters management team

A presence in the UK enables our business to affirm its position at the heart of the country’s automotive engineering sector, whilst enabling us to tap into the mature and established supply of engineering resource in the region.

Evida Power, Ltd., http://www.evida.com, a leading designer and manufacturer of lithium-ion battery packs for electric vehicles (EVs), has opened its UK headquarters at the TechnoCentre on the Coventry University Technology Park campus in Coventry, West Midlands. Evida, whose parent company is US-registered, maintains design and production facilities in Shenzhen, China, and offices in Jerusalem, Israel.

Evida selected the state-of-the-art facility in Coventry (West Midlands) as it is located in a region rich with automotive and engineering resources, providing access to expertise in the general automotive and electric vehicle sectors. The centre will house Evida’s engineering and development, sales and marketing, and administrative functions.

The new headquarters are home to the principal office of Evida’s senior management, which includes the newly-hired Chief Operating Officer, Trevor Power, whose automotive and EV experience includes several years as a Director of London Taxis International (LTI) and serving as a founding Director of Modec, the commercial EV manufacturer. Trevor will work alongside Asher Bennett, Evida’s CEO and Co-founder, who successfully secured significant venture capital backing for Evida, despite a persistently challenging economic climate.

Evida’s TechnoCentre-based team is estimated to grow to at least 20 EV professionals by 2012, resulting, in part, from a $250 million exclusive agreement to supply the Franco-German electric vehicle maker, Mia Electric, with 8kWh battery packs for its three new EV models. The relationship with Mia and execution of the contract will be managed from the UK whilst the battery packs will be manufactured at Evida’s pack assembly facility in China.

Commenting on the move to Coventry, Mr Power stated, “A presence in the UK enables our business to affirm its position at the heart of the country’s automotive engineering sector, whilst enabling us to tap into the mature and established supply of engineering resource which Coventry and the greater West Midlands region provides.”

Power adds, “The TechnoCentre on the Coventry University Technology Park fulfilled our stringent venue selection criteria, and is a location which can accommodate our rapid expansion as we continue to grow our client portfolio across the UK and Europe.”

Notes to Editors

About Evida
Evida designs, develops and manufactures high-quality and cost-effective lithium-ion battery packs for the electric vehicle (EV) market. Evida’s products are custom engineered to suit specific client needs and are delivered complete with battery management systems (BMS) and CAN integration. A portfolio company of Terra Venture Partners (http://www.terravp.com), Israel’s premier clean energy venture capital fund, Evida is a US-registered company with operations in Europe, Israel and China, and aspires to become a leading enabler of electric vehicles, providing battery pack design, EV integration services and customised financial solutions to enable the uptake of commercial electric fleets. For more information on Evida, visit http://www.evida.com.

Media contacts:

For further press information, images, and interview requests, please contact:

Ranbir Sahota
E-mail: ranbir(at)vitispr(dot)com
Tel: +44 (0)121 242 8048

Simon Wittenberg
E-mail: simon(at)vitispr(dot)com
Tel: +44 (0)7752 966167

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Ranbir Sahota
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