CODA Holdings Acquires Battery Management Systems Leader EnergyCS
CODA Holdings, a California based developer of electric vehicles, EV propulsion systems and stationary energy storage applications, announced that it had acquired EnergyCS, a developer of battery management systems (BMS).
"EnergyCS has been an integral partner in the development of our all-electric vehicle," said Phil Murtaugh, CEO of CODA Holdings. "Their skilled engineers, technological expertise and ongoing commitment to improving the performance of battery systems have proven to be an invaluable partner. Given the breadth and growth opportunities for our CODA Energy and CODA EV Propulsion Systems business lines, this union made perfect sense."
Located just 30 miles east of CODA’s Los Angeles headquarters in Monrovia, EnergyCS brings many assets to the merger including high voltage management and isolation detection, optimized circuit and wiring design, an adaptable base architecture and long-term performance management of battery systems.
"EnergyCS has succeeded in the goal of developing the most advanced battery management system that ensures the safety, performance and reliability of battery systems for electric and hybrid vehicles," said Peter Nortman, founder of EnergyCS. "Our key intellectual property and years of know-how will be integral in CODA’s planned EV and energy storage growth. This merger will also create new opportunities to expand the EnergyCS branded technology portfolio."
The acquisition will not only support CODA’s offerings in EVs and stationary energy storage, but will also enhance CODA’s offerings in EV propulsion systems, by providing competitive pricing and custom applications through CODA’s new EnergyCS brand of products. EnergyCS will also now be able to offer more seamless support and a faster response time to CODA customer requests.
