This was printed from Triangle Business Journal
A developer of plugless charging stations for electric vehicles has opened a new local office on Perimeter Park Drive in Morrisville, the company said Monday.
The company, Evatran LLC, said the new location is operating as a sales and technical office. The company’s headquarters and manufacturing facility remain in the southwestern Virginia town of Wytheville, Evatran said in a news release.
The company is leasing 8,250 square feet of office and lab space in Morrisville. It will employ six people initially, but expects to increase that to about 20 by the end of the year.
Evatran’s plugless system functions on commercially available plug-in cars such as the Nissan Leaf and the Chevrolet Volt, with the aid of an adapter that’s specially installed under the car’s hood. In a process known as electromagnetic induction, energy is transferred via a magnetic field from a pad on a garage floor to the adapter, which converts the energy to electricity.
Evatran was launched in April 2009 as a subsidiary of MTC Transformers, an electrical manufacturer also based in Wytheville, and later spun off. It has raised at least $1.9 million in equity financing, according to federal securities filings.
Evatran cited the Research Triangle’s engineering expertise in explaining its move. Several dozen charging stations have been set up in the Triangle, mostly in the last year. Raleigh hosted the plug-in vehicle industry’s annual conference in 2011, the first year it was held outside of California.
Chris Bagley covers the legal industry, transportation and utilities.
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