In 2000, the Company conceptualized the use of Ebonex conductive ceramic powder to produce a commercially viable bipolar lead acid battery. The first milestone was to produce a plate, using Ebonex, to form the partition between adjacent cells in the battery.
In 2001, a patent was filed for the Bipolar Substrate. In 2004, full-scale development of the bipolar battery began, and in 2005 the business relocated to Abertillery, Wales, which had the necessary facilities to support the development of an initial manufacturing facility.
In 2006, with initial battery builds showing the potential for the technology, Atraverda invested in the first set of injection molded components and equipment to facilitate the modular battery assembly process. The preform method of substrate construction was developed in 2008 as a response to finding a construction method for substrate manufacture that could scale to battery manufacturing volumes and yields.
In 2009, a throughput initial manufacturing unit was established to address the issue of scalability of the production process. The introduction of welded construction removed the need for glue in the basic construction of the unit. The welded construction, coupled with the redesign of the plastic components, has dramatically improved manufacturing yields, battery performance and reliability. This program was completed during 2011 and has enabled initial samples to be produced for OEM battery users since Q1 2012.
In December 2012, Atraverda Limited, a former UK company, was not able to secure funds needed to continue operations, and was thus forced to enter Administration in the UK. At this time, a group of venture investors invested in a bridge financing round in order to recapitalize the company, acquire all of the IP, free and clear of all liens, and allow for the continuation of operations. The group of venture investors were prior investors in Atraverda Limited.
In February 2013, Atraverda USA was incorporated as a Delaware Corporation. The UK-based operation was then retained as an operating subsidiary under a U.S. parent company, Atraverda USA.
In 2014 new investors were sought and the Low Carbon Innovation Fund (LCIF) agreed to an investment to match the investment being made by NES Partners. Since January 2015 the Ebonex Group has been in control of the development of Ebonex and the Atraverda Battery.