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Earth2Tech: All That’s Left of Zenn Is EEStor Speculation and Hope
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Secretive Startup EEStor Worth More Than $1.5 Billion http://www.wired.com/autopia/2009/10/eestor/ 23 days ago |
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Here's something intresting a new kind of battery that isn't a battery http://bit.ly/3fHIay 10/21/2009 |
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RT @WiredAutopia: Super-secret EV drivetrain startup is worth more than $1.5 billion? What the...? http://bit.ly/3fHIay 10/20/2009 |
All That’s Left of Zenn Is EEStor Speculation and Hope
Earth2Tech —
... When Darryl Siry, former Chief Marketing Officer for electric car maker Tesla, calculated the “implied value” for secretive ultracapacitor maker EEStor at over $1.5 billion, based on the entirety of Zenn Motor’s market cap, he was being somewhat cheeky. But the reasoning behind the calculation is the reality: The Canadian electric vehicle maker has given up on its previous car business and placed its entire fortunes on the promises of EEStor. ...
How can EEStor be valued at $1.5 billion?
Autoblog Green —
... to launch the cityZENN high-speed electric car and will instead focus on becoming a supplier of ZENNergy Drive electric vehicle drivetrain components - ZENN's low-speed vehicles (pictured) have also been curtailed - the reality is that ZENN and EEStor are tied at the hip. As our friend Darryl Siry writes over at Autopia points out, the bond between these two companies means that speculative investors have raised EEStor's value to more than $1.5 billion. That's a huge chunk of change for a company that hasn't allowed independent media verification of its claims for the ...
Why the story matters
Greentech Media: Cleantech Investing —
Just stumbled upon this article in Wired with the blaring headline that EEStor is worth $1.5B!
The writer starts with Zenn Motor's market cap of $169M today, points out they own 10.7% of EEStor, and that Zenn isn't going to be selling their own vehicles anymore, and VOILA! If you give zero value to the rest of Zenn Motors, divide $169M by 10.7%, thus EEStor is worth an implied $1.5B! Amazing!
Or, you know, the market could be valuing Zenn at $169M, and that stake in EEStor at $0. Because Zenn is still going to be selling things, just not fully manufactured ...
Zenn and Them Old EEStor Blues
Greentech Media: All Content —
... Clifford told Reuters that the company discontinued its plans to sell its own highway-speed EV. Instead, Zenn is betting on EEStor, the secretive start-up claiming a radical advance in ultracapacitors, that will allow EVs to charge faster and go 250 miles on a single charge at low cost. Zenn abandoned its car manufacturing business to focus solely on the EEStor alchemy and a drivetrain built for other auto vendors. EV maven Darryl Siry and former blogger on these pages writes in Wired : "This change in strategy represents a moment of clarity for Zenn - recognition that ...
