Accuron Technologies (Accuron), in collaboration with Hyundai CRADLE—Hyundai Motor's corporate venturing and open innovation division—is pleased to announce a strategic investment in Xnergy Autonomous Power Technologies (Xnergy), a Singapore-based start-up developing contactless charging solutions for autonomous electrified mobility.

The Group's strategic vision has been expanded in a significant way by Accuron New Ventures, a new pillar that will concentrate on investments in high-potential start-ups that are in line with global megatrends and sustainability imperatives. This will further establish Accuron as a frontrunner in promoting industry transformation. In order to improve the Group's standing in developing markets and industries, it will keep spotting and funding innovative technology.

Accuron is expanding its presence with the launch of New Ventures after continuously fostering innovation within its three main business groups—Advanced Manufacturing, Industrial Technologies, and Aerospace.

Xnergy was selected due to its robust market positioning in AMR charging and its capacity to capitalize on prospects in the rapidly expanding EV charging industry, in China. The start-up's potential to be a game-changing force in this industry is currently further strengthened by its strong management team, proprietary technologies, and strategic relationships.

David Goh, Head of Hyundai CRADLE Singapore, said “We are delighted to add Xnergy to our investment portfolio and support its mission of bringing safe, efficient, and maintenance-lite contactless charging to mobile robots and electric vehicles. We look forward to working with the talented Xnergy team to help it realise its vision.”