UltraCharge

Company Overview

Snapshot

Founded in May 2016 by Kobi Ben-Shabat, UltraCharge operates with 1–10 employees. The company was delisted from the ASX in May 2020, ceasing operations.

Business overview

UltraCharge develops advanced lithium-ion battery technology, replacing traditional graphite anodes with a patented nanotube gel material made from titanium dioxide. This innovation enables faster charging, enhanced energy density, and extended battery life, with batteries capable of enduring between 10,000 and 15,000 charging cycles. The carbon-free composition of UltraCharge batteries also prevents thermal runaway, a common cause of fires in conventional energy storage systems. The company's technology utilizes low-cost raw materials and an affordable production method, designed for rapid integration into existing battery production lines, serving the energy tech sector.

Strategic signal

UltraCharge ceased operations in May 2020 and was delisted from the ASX. This indicates a complete halt in the company's activities and a significant negative shift in its market trajectory, signaling to investors that the venture is no longer active.

Company Intelligence Q&A

What is UltraCharge's core technology?

UltraCharge develops lithium-ion battery technology that replaces graphite anodes with a patented nanotube gel material made from titanium dioxide, enabling fast charging, improved energy density, and longer battery life.

When did UltraCharge cease operations?

UltraCharge ceased operations in May 2020 and was delisted from the ASX.

What was a key benefit of UltraCharge's battery technology?

UltraCharge's batteries were designed to endure between 10,000 and 15,000 charging cycles and were free from carbon, which helped avoid thermal runaway or overheating, a main cause of fire in traditional energy storage systems.

Did UltraCharge have any significant corporate actions prior to ceasing operations?

In December 2016, UltraCharge completed a reverse takeover with Lithex Resources to list on the ASX.

What was UltraCharge's status in March 2019?

In March 2019, UltraCharge was focused on commercializing its lithium-ion batteries.