Infinitev supported by the Circular Economy Business Support Fund
IM Group and its sustainable energy storage initiative known as Infinitev is a successful funding recipient through the Victorian Government’s Circular Economy Business Innovation Centre, delivered by Sustainability Victoria.
Dickson Leow General Manager of Infinitev pictured with Ivonne Diaz of Sustainability Victoria
Dickson Leow, General Manager for Infinitev stated ‘this support provides huge assistance to lead the way in building a circular economy regarding hybrid and electric vehicle batteries. We are extremely grateful for the recognition and support provided by Sustainability Victoria and the Victorian Government’.
About the Circular Economy Business Support Fund
The $10 million Circular Economy Business Support Fund supports individual applicants and collaborative partnerships to investigate or implement solutions that target waste prevention, reuse, remanufacture and upcycling.
Sixteen projects were successful in the Circular Economy Business Support Fund’s first round, which allocated a total of $4,642,356 across the two streams.
The Circular Economy Business Support Fund and Circular Economy Business Innovation Centre are funded by Recycling Victoria: A new economy, the Victorian Government’s $380 million circular economy policy.
Recycling Victoria forms part of the Victorian Government’s $515 million investment to deliver the biggest transformation and reform of Victoria’s waste and recycling industry.
More information on CEBIC can be found here
About Infinitev
We envision a world where an EV battery is borrowed by multiple users along its life. Reused, repurposed and recycle infinitely.
Our vision is simple. Electric vehicles and battery storage are at the centre of the world meeting its climate targets. But the environmental impact of battery production and disposal is costly. Infinitev, supported by our cutting edge R&D, is building the capability to ensure this environmental impact is minimised.
We know automotive technology - we have been remanufacturing and repairing complex electronic components for over 40 years. Today, we are leading the hybrid battery circular economy in Australia. We have built this capability to create world class expertise in EV batteries.
Infinitev is built on forty years' experience in the automotive sustainable manufacturing industry in Australia and New Zealand. Our sister company Injectronics is the leading remanufacturer of automotive electronics like engine control units, anti-lock braking systems, and body control modules - these are all the small computers that make a modern car work. Our parent, Innovative Mechatronics Group, has a rich history of innovation in the automotive circular economy. So it only makes sense for us to take this knowledge to the future of mobility: hybrid and electric vehicles.
Learn more about the hybrid battery program here
Learn more regarding energy storage system here
This project is supported by the Circular Economy Business Innovation Centre, delivered by Sustainability Victoria on behalf of the Victorian Government.
Want to know more?
We'd love to hear from you, so give us a call on 0439 360 360 or drop us a note here
