Accuron Technologies, in collaboration with Hyundai CRADLE—Hyundai Motor’s venture arm for innovation, has announced a strategic investment in Xnergy Autonomous Power Technologies, a Singapore-based start-up specializing in contactless charging for electrified mobility. This investment also marks the official launch of Accuron’s New Ventures division, focused on promoting groundbreaking technologies through targeted investments.
Accuron New Ventures represents a key expansion of the company’s strategic goals, aiming to invest in innovative start-ups aligned with global trends and sustainability. This new pillar will focus on identifying high-growth companies that can help Accuron strengthen its presence in emerging markets and sectors.
Supporting Emerging Technologies
Accuron has a history of encouraging innovation within its core sectors of aerospace, industrial technologies, and advanced manufacturing. With the introduction of New Ventures, the group is broadening its focus to support the growth of high-potential businesses. The investment in Xnergy reflects this commitment, providing both financial backing and strategic management support.
Xnergy was selected for its leadership in the autonomous mobile robot (AMR) charging market and its potential in the electric vehicle (EV) charging space, particularly in China. The company’s proprietary technology, strong management team, and strategic partnerships position it as a promising player in this growing industry.
“We are excited to welcome Xnergy to the Accuron New Ventures portfolio,” said Edwin Chow, Vice President for Industrials & New Ventures at Accuron. “Their contactless charging solutions will significantly impact the evolving EV market. This investment aligns perfectly with our broader strategy to support technologies that drive industry transformation and sustainability.”
David Goh, Head of Hyundai CRADLE Singapore, added, “We are pleased to invest in Xnergy and support its goal of providing safe, efficient, and low-maintenance contactless charging for mobile robots and electric vehicles. We look forward to working closely with their talented team to bring their vision to life.”
Xnergy: Pioneering Contactless Charging
Since its founding in 2018, Xnergy has developed high-power contactless charging solutions that address key challenges in electrification, particularly for autonomous vehicles. By eliminating the limitations of wired charging, the company’s technology enhances both safety and efficiency. Xnergy’s scalable and deployable solutions can help bridge gaps in the availability of charging infrastructure while promoting sustainability.
“We are honored by the trust and support from Hyundai CRADLE and Accuron Group,” said CF Tong, CEO of Xnergy. “This investment not only validates our vision but accelerates our efforts to advance contactless charging technology. With our investors’ guidance and resources, we are ready to reach new milestones and drive innovation in the automotive industry.”
Accuron Technologies, Hyundai CRADLE, and Xnergy share a commitment to innovation and sustainability. Together, they aim to unlock the potential of Xnergy’s contactless charging technology and propel the company into its next phase of growth.
Accuron Technologies, a global precision engineering group, was founded in 1981 and is headquartered in Singapore. It specializes in aerospace, automotive, and industrial automation sectors. Hyundai CRADLE, the innovation arm of Hyundai Motor Group, focuses on advancing
